Published: 2025-03-12T01:10:17.000Z
USD/JPY flows: Spring Wage Negotiation Seems to Brew Strong Result
FX Analyst
1
Bank of Japan Governor Ueda says higher long term rates reflecting market views on economy
Japan’s Major Firms to Offer Strong Wage Hikes
Apart from the trade fiasco with U.S., the focus for Japan will likely be on the spring wage negotiation. The early discussion seems to be brewing for strong result with Labour union group Rengo asking for a 6.09% wage increase and large firms like Denso seems to have accepted the suggestion.
USD/JPY is trading 0.1% higher as USD is broadly higher on Wednesday's Asia session.