Core retail sales contracted by -0.2% as opposed to a forecasted growth of the same number after recording a growth of 0.3% in August.
Retail sales missed targets as well, contracting by -0.3% while economists were predicting a smaller decline of -0.1%. Bloomberg said consumers are taking a breather.
The third miss for the day, the producer price index (PPI) decline to -0.2%, worse than the stagnant results of August. This is good news for consumers but bad for companies and investors.
I should have held on to my short positions in USD/JPY much longer.
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