Minimum wages in Tokyo run currently 961 JPY and X 40 hour work week=38440.
Workers received a 5% increase to 1009.05 and 1009.05 X 40=40362. Minimum wage workers received an extra 1922 JPY per week. 1 Pack of Marlboro cigarettes costs $4.03 USD or 600.67 JPY. The 5% increase allows workers to purchases an extra 3 packs of Marlboros per week, 12 packs per month and 144 packs per year. The problem with such a luxury as cigarettes , 1 gallon of Gasoline costs 4.24 USD or 631.96 JPY.
23 then the break at 148.02. I don't see any movements from the BOJ however here's vital levels: 151.47, 150.72, 150.03, 149.72, 149.37, 149.12, 148.83 Vs 148.23, 147.93, 147.25, 146.52. USD/JPY Overbought and shorts begin at 149.28. GBP/USD Target last week at 1.2719 traded to Friday lows at 1.2719. GBP/USD ranges this week from 1.2661 and 1.2674 to 1.2808, 1.2819 and 1.2828. The 5 year average is located at 1.2819 and slowly dropping every week. Below 1.2661 targets 1.2594 and 1.2583.
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