USD/JPY stalls below 145 on tepid wage data – BBH

Source Fxstreet

USD/JPY is holding under key resistance at 145.00, BBH FX analysts report.

Japan’s pay gains hit 34-year high, but BoJ still patient

"Japan's largest labor union group, Rengo, secured a 5.25% average pay gain for 2025. That’s the highest level since 1991 and follows an average increase of 5.10% in 2024 and 3.58% in 2023. Still, the pay hike was more modest than the preliminary 5.46% reported in March and below the 6.09% increase members had sought."

"The Bank of Japan will not be rushing to resume raising rates, limiting JPY upside. The swaps market is pricing-in 60% odds of a 25bps rate hike by year-end and a total of 50bps of tightening to 1.00% over the next three years."

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Stablecoin market cap unlikely to hit $2 trillion by 2028: JPMorganIn a note to investors on Thursday, JPMorgan Chase estimated that the stablecoin market could reach $500 billion by 2028, a modest prediction compared to popular forecasts of a $1-$2 trillion market capitalization increase over the same period.
Author  FXStreet
11 hours ago
In a note to investors on Thursday, JPMorgan Chase estimated that the stablecoin market could reach $500 billion by 2028, a modest prediction compared to popular forecasts of a $1-$2 trillion market capitalization increase over the same period.
placeholder
XRP Price Prepares for Possible Bounce — Support Levels In FocusXRP price started a decent upward move from the $2.20 zone. The price is now correcting some gains and might find bids near the $2.220 zone. XRP price started a fresh increase above the $2.220 zone.
Author  NewsBTC
11 hours ago
XRP price started a decent upward move from the $2.20 zone. The price is now correcting some gains and might find bids near the $2.220 zone. XRP price started a fresh increase above the $2.220 zone.
placeholder
Gold price edges up as the post-NFP USD rally falters amid US fiscal concernsGold price (XAU/USD) attracts some dip-buying during the Asian session on Friday and for now, seems to have stalled its retracement slide from a one-and-a-half-week high touched the previous day.
Author  FXStreet
11 hours ago
Gold price (XAU/USD) attracts some dip-buying during the Asian session on Friday and for now, seems to have stalled its retracement slide from a one-and-a-half-week high touched the previous day.
placeholder
XRP Could Hit $50 If Ripple Gets Bank License, Claims Crypto PunditVincent Van Code, a software engineer and long-time XRP advocate, ignited fresh debate across the crypto community by outlining what he believes to be the transformative implications of Ripple’s
Author  NewsBTC
11 hours ago
Vincent Van Code, a software engineer and long-time XRP advocate, ignited fresh debate across the crypto community by outlining what he believes to be the transformative implications of Ripple’s
placeholder
Solana (SOL) Cools After Recovery — Resistance Proving Difficult to CrackSolana started a recovery wave above the $150 zone. SOL price is now correcting gains and might struggle to rise above the $155 resistance. SOL price started a fresh decline after it failed to clear
Author  NewsBTC
11 hours ago
Solana started a recovery wave above the $150 zone. SOL price is now correcting gains and might struggle to rise above the $155 resistance. SOL price started a fresh decline after it failed to clear
Related Instrument
goTop
quote