Japan’s labor market showed strong wage growth in December, with labor cash earnings surging 4.8% yoy, significantly above expectations of 3.8% yoy and accelerating from 3.9% yoy in the prior month. This marks the 36th consecutive month of annual wage increases. Regular pay, which includes base salaries, rose 2.7% yoy, while special cash earnings—mainly reflecting […]
The post Japan’s nominal wage growth surges 4.8% yoy in Dec, real wages rise for second month appeared first on Action Forex.
Daily Pivots: (S1) 191.89; (P) 192.53; (R1) 193.28; More… Intraday bias in GBP/JPY stays neutral at this point. On the downside, firm break of 189.31 will suggest that corrective pattern from 180.00 has completed. But Read more…
Daily Pivots: (S1) 159.36; (P) 160.04; (R1) 160.88; More… Intraday bias in EUR/JPY stays neutral at this point. Overall outlook is unchanged that consolidation pattern from 154.40 could still extend. On the downside, below 157.96 Read more…
Daily Pivots: (S1) 0.8298; (P) 0.8315; (R1) 0.8331; More… Further decline is expected in EUR/GBP with 0.8353 minor resistance intact. Corrective rebound from 0.8221 should have completed already. Fall from 0.8472 would target a retest Read more…