Japanese Yen (JPY) Weekly Outlook: Will USD/JPY Break 145? Key Focus on Wage Growth and Household Spending Data
Key Points:USD/JPY tumbled from 150.917 to 147.287 as stagflation fears grew after mixed US inflation and jobs data.Markets await Japan’s wage growth data on Aug 5, with forecasts showing a sharp rise to 3.2% YoY in June.A drop in household spending on Aug 8 could signal weaker inflation, reducing BoJ rate hike expectations.USD/JPY Extends Losing Streak in a Wild WeekUSD/JPY extended its losses as US economic indicators fueled stagflation fears while the Bank of Japan left rate hikes on the tabl