USD/JPY flows: Holding on to 148

Japan economy minister Akazawa left a remark after August labor cash earning data being released, saying drop in real wages is not good news. He also voiced support that the Japanese government will create favorable environment for wage hikes but so far are just words.

Both the U.S. Treasury and JGB yields are falling but the later fares better and see USD/JPY slipping 0.07% to 148.07.