The USD/JPY pair edged higher on Monday, reaching 144.81, as the yen relinquished its earlier gains. The currency faced downward pressure following the release of disappointing wage figures, which dampened expectations for further monetary policy tightening by the Bank of Japan. Japan’s nominal wages rose by just 1.0% year-on-year in May, falling well short of […]
The post Yen Weakens as Japanese Data Sends Mixed Signals appeared first on Action Forex.
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