Published: 2026-04-08T01:52:23.000Z
USD/JPY flows: February Wage Strong
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February Labor Cash Earning 3.3% y/y
Japan February Labor Cash Earning came in strong at 3.3% y/y, bring real wage to highest level in a long time. It is a good sign for the BoJ as February wage growth did not reflect the strong result from spring wage negotiation, seems to suggest more momentum is in the coming quarter.
USD/JPY is trading 0.76% lower at 158.37 as USD lost its geopolitical bids.