Solid Gold Berjangka | Yen Falls After Japan Wage Data, Dollar Advances

02:36 08 August in Commodity, SOLID GOLD BERJANGKA | SOLID GROUP

The yen fell against all its Group-of-10 peers after growth in Japanese workers’ wages unexpectedly slowed in June, bolstering the case for easy monetary policy to be maintained.

USD/JPY rose 0.3% to 142.85 after national cash earnings in Japan rose 2.3% from the prior year, decelerating from a revised 2.9% pace in the previous month, according to labor ministry data.

“The yen is weaker after the latest wage data affirmed BOJ’s need to keep easing policy,” said Mingze Wu, foreign exchange trader at Stonex Group in Singapore. “Easy policy will continue weighing on demand for Japan’s currency when the rest of the world is hiking rates”.

Bloomberg Dollar Spot Index edged up 0.1%; 10-year Treasury yields slipped one basis point to 4.08%.

AUD/USD slipped 0.1% to 0.6570.

Australia’s consumer confidence slid 0.4% to 81 points as price pressures and high interest rates worsen cost-of-living stress.

Source: Bloomberg

Indeks US Dollar Bloomberg AUD/JPY Yen Jepang

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