USDJPY – Down
USDJPY trading plan:
Japan’s real wage posted its biggest fall in more than seven years in October on relentless consumer inflation even though nominal pay grew for a tenth month, fresh official data showed. Falling real pay highlights households‘ growing burden and policymakers‘ conundrum in the wake of rare price hikes in Japan, while businesses are buckling up for annual labour talks next spring. Inflation-adjusted real wages, a key indicator of consumers‘ purchasing power, fell 2.6% in October from a year earlier, according to the labour ministry. The real pay contraction was the sharpest since June 2015’s 2.8% decrease and followed a revised 1.2% dip in September.
Investment idea: buy 137.45 and take profit 137.95.
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