USDJPY: Comments on USDJPY on November 14

Yomiru: Japan plans to reduce taxes for businesses that increase wages
A source from the Yomiuri website said that the Japanese Government is considering tax reductions for companies that increase wages by 8%.
The Japanese government wants to encourage wage increases as part of its fight to promote sustained and stable inflation.
If the wage increase is widely applied, it will create a premise for the BoJ's arguments around gradually reducing the level of monetary policy easing, thereby supporting JPY.