JPYINR trading range for the day is 57.8-58.92. JPY remained under pressure despite news that cash earnings in its home country picked up by a little more than expected in January. Japan Econ: Labor Cash Earnings 0.5% y/y in January versus 0.4% y/y expected and 0.5% y/y in December.
The report said that regular pay had risen by 0.8% on the year, up for a seventh straight month and the biggest rise since March, 2000.
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