On Monday, average cash earnings and current account numbers from Japan put the USD/JPY in focus. Average cash earnings increased 1.8% year-on-year in February after advancing 2.0% in January. Economists forecast average cash earnings to increase by 1.4%. However, the better-than-expected wage growth figures failed to boost buyer demand for the Yen. The February numbers preceded the March wage hikes that enabled the Bank of Japan to exit negative rates. Wage hikes in March could fuel consumer spending and demand-driven inflation. The Bank of Japan may respond with another rate hike to manage inflation. Current ... (full story)