Flash: USD resilient to EZ and JPY developments - BBH

FXstreet.com (Barcelona) - Brown Brothers Harriman analysts note that the dollar's resilience today comes in the face of constructive developments in Japan and Europe.

Japan reported the first increase in wage earnings in three months. Below the headlines, the Japanese wage data points to another area in which Abenomics has seen limited results. The main factor driving the increase in wages earnings was special payments, such as commuting expenses, which rose almost 10% year-over-year. Base wages themselves were flat in April after a 0.9% fall in March.