Japan Rengo's second-round wage hike agreed at 5.4%
Source Fxstreet
Japan's largest trade union group’s, Rengo, second-round data of annual labor talk (Shunto) results showed Japanese firms agreed to raise pay by 5.4% this year.
The data is lower than the first-round results, which showed an average wage hike of 5.46% for fiscal 2025, higher than last year's average of 5.1%.
The reading exceeded 5% for the second straight year.
Market reaction
The Japanese Yen (JPY) is off the lows but remains under heavy selling pressure on these headlines, keeping USD/JPY 0.42% higher on the day at 149.42 at the press time.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin (BTC) steadies around the key technical support on Tuesday after its recent correction. The Crypto King’s next directional move could hinge on this key technical zone.
WTI declines below $102.00 after Trump says he called off Iran attacksWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $101.85 during the early Asian trading hours on Tuesday. The WTI price declines after US President Donald Trump said he was holding off a military attack on Iran planned for Tuesday at the request of Gulf states.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $101.85 during the early Asian trading hours on Tuesday. The WTI price declines after US President Donald Trump said he was holding off a military attack on Iran planned for Tuesday at the request of Gulf states.
Iran Situation Rekindles Threat of War. Bitcoin Price Decline Accelerates, $75,000 Geopolitical Defense Line Faces TestU.S.-Israel discussions on resuming strikes against Iran trigger an accelerated Bitcoin price pullback; future gains depend on whether the $75,000 support level holds.On May 18, the poten
U.S.-Israel discussions on resuming strikes against Iran trigger an accelerated Bitcoin price pullback; future gains depend on whether the $75,000 support level holds.On May 18, the poten
The EUR/USD pair trades in negative territory around 1.1615 during the early Asian session on Monday. The Euro (EUR) extends the decline as the prolonged US-Iran conflict weighs on the riskier assets.
Financial Markets 2026: Volatility Catalysts in Gold, Silver, Oil, and Blue-Chip Stocks—A CFD Trader's OutlookGet a comprehensive financial market 2026 outlook exploring key economic drivers, volatility catalysts in gold, oil and stocks, and what the evolving economic outlook means for cfd trading strategies and risk management on global markets.
Get a comprehensive financial market 2026 outlook exploring key economic drivers, volatility catalysts in gold, oil and stocks, and what the evolving economic outlook means for cfd trading strategies and risk management on global markets.
Related Instrument
