020 7898 0500- Wednesday saw the Japanese yen have a mid-week dip after what was a busy day in the Asian markets, with key reports released from New Zealand, Australia, China and Japan. Japanese preliminary wages rose for the 10th consecutive month in December, by 1.6%. However, Bank of Japan Deputy Governor Kikuo Iwata also mentioned that real wages will eventually come out of the current long downtrend. USD/JPY was up almost half a percent following the release of less favourable unemployment data.
- Mixed employment data from New Zealand saw the New Zealand currency jump up against the US dollar. This also came off the back of a comment from Reserve Bank of New Zealand Governor Graeme Wheeler, which stated that the central bank will hold fire on looking at the cost of borrowing. The number of employed people rose by 1.2% over the last quarter.
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