BoJ's Kuroda: Wage growth likely to accelerate

Bank of Japan Governor Haruhiko Kuroda crossed the wires on Tuesday who has explained wage growth will likely accelerate as companies increase pay to compensate households for the higher cost of living, and cope with an intensifying labour shortage.

Speaking in parliament, Kuroda came out with the following key comments:

Forex moves on various factors, will continue to watch market moves and impact on economy closely.
    
Important for forex to move stably in way that reflects fundamentals.
    
Govt will watch economy, markets carefully.
    
Wage growth likely to accelerate as economy improves given tightening labour market.
    
Outcome of spring wage negotiations likely to reflect tighten job market, recent price rises.

USD/JPY update

USD/JPY Price Analysis: W-formation's support structure eyed near 132.80

USD/JPY has started to top out and a break below 133.80 structure opens the risk of a significant correction for the day ahead.