During the European trading session on Thursday, the Bank of Japan (BoJ) Nagoya branch manager reassured market participants regarding the resilience of Japan's economy. He emphasized that solid wage growth is expected to persist throughout the year, which could bolster consumer spending and economic stability. This outlook comes amidst concerns over U.S. trade policies, with the manager stating that their impact on Japan would be minimal.
The comments from the BoJ official influenced the USD/JPY exchange rate, which remained stable around the 110.50 level. The positive wage growth forecast may support the Japanese yen as traders assess potential shifts in monetary policy. In contrast, the euro was trading at approximately 1.18 against the dollar, reflecting ongoing volatility in the EUR/USD pair due to fluctuating economic indicators in both the Eurozone and the U.S. Market participants will continue to watch these developments closely, as they shape trading strategies and market sentiment in the foreign exchange arena.
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Data Source: FX Killer Analysis Team Updated: 2026-01-08 08:30
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.