0121 GMT - The yen is mixed against the G-10 and Asian currencies, but may be supported by prospects of more BOJ rate increases. "Another solid Shunto outcome this year will raise the chances of more Bank of Japan interest rate hikes," CBA's Kristina Clifton says, citing news that Japan's biggest labor union group said unions were demanding stronger wages growth this year. "We expect 25bp hikes in July and December," the senior economist and senior currency strategist says in a note. 'Shunto' refers to annual spring wage negotiations in Japan. USD/JPY edges 0.1% lower to 147.89; EUR/JPY is little changed at 159.56. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 06, 2025 20:21 ET (01:21 GMT)
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