More detail on what moved the USD/JPY sharply lower this morning

The penultimate update here noted the slide in the USD/JPY and now we can add some more colour to what seemed to drive that sudden relapse in the dollar. It seems there is mounting speculation that the BOJ will have to raise rates again and a recent article in a leading financial news service has cited a recent BOJ research paper calling for structural changes in Japanese wages. There is personal experience here, as to just how low those wage levels are in Japan, when compared to here in Europe and in the US. That level of imbalance is made even more stark with the Yen being so weak, as it has been earlier this year. So, right now some analysts are putting two and two together to assume another BOJ rate hike will have to follow any significant shift in wages- ergo the USD/JPY takes a hit this morning. The USD/JPY is currently trading lower again, right now at 146.40