Published: 2024-06-20T05:01:21.000Z
USD/JPY flows: Japan Business Survey Pessimistic

FX Analyst
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The Japan Business Survey is showing only 7% business believe wage can catch up with inflation
The Japan Business Survey is showing only 7% business believe wage can catch up with inflation. Some are suggesting small to medium firms may have a hard time trying to hike wage that is on par of inflation. While it is a survey of sentiment, it would not be favorable as BoJ will likely rationalize the next move in tightening by wage driven demand inflation.
USD/JPY is trading 0.06% higher at 158.14 with both the U.S. Treasury and JGB are higher.