Published: 2025-04-01T02:07:41.000Z
USD/JPY flows: Calmer market
FX Analyst
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Japan February Unemployment Rate 2.4%
BOJ will reduce purchases of 10–25-year JGBs
The market is calmer on Tuesday after a vibrant start to the week. The February Japan Unemployment Rate has come in lower than estimate at 2.4% but historically the data has not been proportionately correlated to wage growth and has little impact towards the JPY. BoJ is reported to begun trimming their purchases of 10–25-year JGBs as planned with full review in June.
USD/JPY is trading 0.11% lower at 149.78.