Published: 2025-03-10T01:02:42.000Z
USD/JPY flows: Solid Wage Growth
FX Analyst
1
Labour Cash Earnings +2.8% y/y
The Japan January Labor Cash Earnings stayed solid above 2% at 2.8% y/y. Although it is lower than the blockbuster 4.4% in December, the 2.8% y/y wage growth is good enough to support another rate hike. However, the BoJ will very likely wait for more confirmation in the March Wage Negotiation before another one.
USD/JPY is down 0.51% to 147.28.