The income and spending data in the PCE report:
- Prior personal spending was -0.2% (unrevised)
- Personal income +0.4% vs +0.3% expected
- Prior personal income was +0.3% (revised to +0.4%)
- Savings rate rises to highest since Dec 2012
The US dollar is a bit higher after this report with USD/JPY touching above 120.00 but I don't believe the data was a factor. Spending was a major driver in Q4 but it's slugging to start the year.