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In Japan, labor cash earnings increased by 2.1% on an annual basis in April, exceeding expectations of 1.7%, while cash earnings in the previous period were revised from 0.6% to 1.0%. The Bank of Japan (BoJ) is stubbornly continuing its extremely easy monetary policy as it fears a return to a disinflationary environment in the future. The faster-than-expected increase in labor cash earnings will put pressure on the BoJ to begin tapering its easy monetary policy stance, which has been devaluing the yen by 2024. The exchange rate difference between the yen and all other global currencies has caused the yen to struggle in general. In intraday downward movements, the 155.31 level can be monitored. If this level is broken, supports at 155.03, 154.52 and 154.23 may become important. In possible increases, 155.82, 156.10 and 156.62 will be monitored as resistance levels. Support: 155.310 – 155.030 Resistance: 155.820 – 156.100