0047 GMT - The yen strengthens against most other G-10 and Asian currencies in early trade amid prospects of large wage increases in Japan. The Japanese Trade Union Confederation, known as Rengo, is scheduled to announce preliminary results for the annual spring wage negotiations this Friday. "We expect Rengo to announce another strong wage result on Friday which could bring forward expectations of BOJ rate hikes," CBA's Global Economic & Markets Research team says in a note. U.S.-Japan interest-rate differentials could narrow further and pull down USD/JPY, the team adds. USD/JPY falls 0.4% to 147.30; AUD/JPY sheds 0.4% to 92.97. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
March 09, 2025 20:47 ET (00:47 GMT)
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