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USD/JPY Forecast: Impact of Wage Talks on BoJ Policy Unfolds

From fxempire.com

The USD/JPY rose by 0.07% on Wednesday. Following a 0.48% gain on Tuesday, the USD/JPY ended the session at 147.751. The USD/JPY fell to a low of 147.232 before rising to a Wednesday session high of 148.046. Wage Negotiations and the Bank of Japan in Focus: On Thursday, updates on wage negotiations will garner investor interest. Toyota Motor Corp. (7203) announced it gave factory workers the highest pay increase in 25 years. Economists consider Toyota Motor Corp. the benchmark for annual wage negotiations. The news supported expectations of substantially higher pay across the country. Significantly, substantial pay ... (full story)

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  • Category: Fundamental Analysis