USD/JPY Down but Stable Amid Takata's Wage Hike Forecasts

Thursday, 29 February 2024, 05:27
The USD/JPY pair dipped by 0.6% to approximately 149.80 following remarks by BOJ's Hajime Takata hinting at potential wage increases. Despite the decline, the currency pair remains close to crucial near-term levels, indicating stability and resilience. Takata's comments suggest a potential uptrend in wage hikes contributing to the market sentiment.
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USD/JPY Down but Stable Amid Takata's Wage Hike Forecasts

USD/JPY Reacts to Takata Remarks

The USD/JPY pair saw a 0.6% drop to near 149.80 after BOJ policymaker Hajime Takata hinted at stronger wage hikes this year. The currency pair is currently holding steady.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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