Japan's household spending data just dropped a bomb—October showed a 3.0% year-over-year decline, totally missing economist expectations of a 1.0% increase. Even worse? This marks a sharp reversal from September's positive 1.8% growth.

This contraction signals weakening consumer confidence in the world's third-largest economy. For crypto markets, Japanese retail spending trends matter—they hint at broader risk appetite shifts across Asian liquidity pools. When households tighten their wallets, speculative assets often feel the chill first.

Worth watching how this plays into year-end trading sentiment, especially with yen volatility already keeping traders on edge.