Published: 2025-08-06T03:09:35.000Z
USD/JPY flows: Wage growth rebound
FX Analyst
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Japan ruling party LDP Taro Kono says higher rates are needed to bolster the yen
Labor Cash Earning 2.5% y/y
The June Labor Cash Earning has rebounded from the low in May to 2.5% y/y. It is a positive sign for the BoJ as a steady wage growth above 2% is crucial for sustainable inflation target to be reached. Yet, the boost to consumption maybe limited for real wage remain negative.
USD/JPY is trading 0.08% lower at 147.49.