07 September 2023, USD/JPY
USDJPY trading plan:
An increasing number of Japanese companies were raising prices and wages, Nakagawa said, adding that there was a chance inflation could accelerate more than initially expected. But there was also a risk inflation could slow once the pass-through of higher costs moderate, she said. While the job market is tightening, the outlook for wage growth depends largely on corporate earnings, Nakagawa said, stressing the need to stay vigilant to economic risks such as slowing overseas growth. "We're seeing some positive developments in Japan's economy with signs of change in corporate price and wage-setting behaviour," Nakagawa said.
Investment idea: buy 147.25 and take profit 147.80.
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