The typical/expected impact on JPY pairs is medium.
The consensus forecast for Labor Cash Earnings (YoY) is 2.6%. A higher value than forecast tends to be bullish for JPY/xxx pairs and bearish for xxx/JPY pairs.
The most recent announced value for Labor Cash Earnings (YoY) was 2.8% against a forecast of 2.8%.
Recent economic data has been moderately bullish for JPY. Other recent announcements which may affect the market's interpretation of the next Labor Cash Earnings (YoY) result:
Previous | Latest | ||||
---|---|---|---|---|---|
Large Retailer Sales | Bearish change | 2% | -1% | ||
Retail Trade (YoY) | Bullish change | 0.5% | 1.6% | ||
Retail Trade s.a (MoM) | Bullish change | -2.3% | 0.1% | ||
Tokyo Consumer Price Index (YoY) | Bullish change | 1.8% | 2.6% | ||
Tokyo CPI ex Food, Energy (YoY) | Bullish change | 1.8% | 2.2% | ||
Tokyo CPI ex Fresh Food (YoY) | Bullish change | 1.8% | 2.2% | ||
Unemployment Rate | Bearish change | 2.4% | 2.5% | ||
National Consumer Price Index (YoY) | Bearish change | 2.5% | 2.3% | ||
National CPI ex Food, Energy (YoY) | Bullish change | 2.1% | 2.3% | ||
National CPI ex Fresh Food (YoY) | Bearish change | 2.4% | 2.3% | ||
Exports (YoY) | Bullish change | -1.7% | 3.1% | ||
Imports (YoY) | Bearish change | 1.8% | 0.4% | ||
Merchandise Trade Balance Total | Bearish change | ¥-294.1B | ¥-461.2B |
Country: | Japan |
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Currency: | JPY |
Source: | Ministry of Economy, Trade and Industry of Japan |
Category: | Labor Market |
Frequency: | Monthly |