- For now, not necessarily confident enough that wages at smaller firms will rise
That’s at least something that the yen could work with. But when you balance out everything else so far today, it doesn’t seem like they would be too eager to tighten policy in quick fashion. USD/JPY is starting to settle down, up 0.7% to around 150.18 on the day currently.
This article was written by Justin Low at www.forexlive.com. Source