If wage hike trend broadens, it is a consideration for further policy decisions - Ueda

  • Ueda says that the BOJ is closely watching to see if the trend of big wage hikes could broaden among smaller firms
  • For now, not necessarily confident enough that wages at smaller firms will rise

That's at least something that the yen could work with. But when you balance out everything else so far today, it doesn't seem like they would be too eager to tighten policy in quick fashion. USD/JPY is starting to settle down, up 0.7% to around 150.18 on the day currently.

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