Published: 2025-01-09T03:00:24.000Z
USD/JPY flows: Labor Cash Earning Strong
FX Analyst
1
Japan November Labor Cash Earning 3% y/y
The November Japan Labor Cash Earning came in strong at 3% y/y, beating estimates and improved from 2.2% in October. It will be supportive for the JPY if BoJ follow through with their tightening. However, the lack of commitment from BoJ will see JPY gains capped.
USD/JPY is trading 0.16% lower at 158.08.