The USD/JPY remains below the key resistance in 145.00, BBH FX analysts report.
Japan’s salary earnings reach a maximum of 34 years, but the Boj is still patient
“The largest union group in Japan, Rengo, said an average salary increase of 5.25% by 2025. That is the highest level since 1991 and follows an average increase of 5.10% in 2024 and 3.58% in 2023. Even so, the salary increase was more modest than the preliminary 5.46% reported in March and below the increase of 6.09% that the members had requested.”
“The Bank of Japan will not hurry to resume the increase in rates, limiting the JPY appreciation potential. The swap market is valuing 60% probabilities of a raised rise of 25 basic points by the end of the year and a total of 50 basic tightening points up to 1.00% in the next three years.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
