Labour total cash earnings +1.2% y/y
- expected -0.3%, prior +1.2%
Adjusting for inflation gives 'real' wages, which dropped 0.2%. This is the first fall for real wages in 3 months.
USD/JPY not doing a lot in response to the data. Japanese data rarely shoves the forex around much upon release:
USD/JPY 15 minute candles:
