Japanese yen gains momentum (just a bit!) as base wage growth hits 32-Year High

The JPY is sneaking a little higher on the data earlier showing that base salaries for Japanese workers increased at the fastest pace in 32 years.

This is being read as a positive input supporting the Bank of Japan raising interest rates. Some time .... ;-)

Data here:

• Japan wages data: Inflation adjusted real wages -0.3% y/y