The Impact of Japan Wages Data on USD/JPY Market Trends and Analysis
Wednesday, 13 March 2024, 04:24
USD/JPY Market Analysis:
In the aftermath of US CPI data chaos, USD/JPY struggles to surpass key levels and trends lower.
Japan Wages Data Insights:
- Bigger corporations meeting wage demands;
- Policy makers eyeing wage trickle-down to small & medium-sized enterprises;
USD/JPY momentum hinges on corporate wage dynamics and US economic factors.
- Pivotal 100-hour moving average challenges bearish bias at 147.43;
- BOJ's upcoming policy decision poses risk factors for the yen.
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.