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    EUR/JPY falls to near 159.00 amid rising wages in Japan

    Author AvatarBy George Brooks No Comments 8 Mins Read
    • EUR/JPY depreciates as rising wages bolster the odds of the BoJ rate hikes again.
    • Japan’s Labor Cash Earnings jumped 4.8% YoY in December, rising from 3.9% in November.
    • The Euro remains under pressure as investors brace for a potential Trump’s tariff targeting the Eurozone.

    EUR/JPY retreats after gains in the previous session, trading near 159.00 during Asian hours on Wednesday. The decline of the EUR/JPY cross is driven by a stronger Japanese Yen (JPY), supported by rising wages in Japan and growing expectations that the Bank of Japan (BoJ) will further hike interest rates.

    Japan’s Labor Cash Earnings

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    He is an experienced financial journalist with a focus on Forex and cryptocurrency markets. With over two decades of expertise, he delivers in-depth analysis and real-time market updates, providing traders and investors with the knowledge they need to navigate the ever-changing financial landscape. His insightful articles and reports are trusted by professionals and enthusiasts alike.

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