JPY remains supported after Japan base salaries saw their largest increase in 32 years ...Middle East

Japan wages data: Inflation adjusted real wages -0.3% y/y

potentially paving the way for the central bank to raise interest rates this month, provided other data confirm a strengthening economic cycle.

This consistent wage growth could reignite speculation about a near-term rate hike from the Bank of Japan, potentially at this month's policy meeting. However, recent dovish remarks by Bank of Japan Governor Kazuo Ueda after December's meeting have shifted market expectations toward the possibility of a later policy adjustment.

USD/JPY is around 158.10 as I update.

This article was written by Eamonn Sheridan at www.forexlive.com.

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