March 2015 US consumer confidence data 31 March 2015

  • Prior 96.4. Revised to 98.8
  • Current conditions 109.1 vs 110.2 prior. Revised to 112.1
  • Expectations 96.0 vs 87.2 prior. Revised to 90.0
  • Jobs hard to get 25.4 vs 26.2 prior. Revised to 25.1
  • 1 year inflation exp 5.2% vs 5.0% in Feb

Consumers may be feeling very chipper on the surface but as we've seen from the recent data, that's yet to translate into real spending. Still, sentiment is on the right side of the road and the longer that goes on the more likely it is that we start to see that confidence flowing into the economy...hopefully ;-)

USDJPY is back up through 120 to 120.10