In May, real wages in Japan showed the sharpest fall in almost two years - minus 2.9% year-on-year, driven by outpacing consumer price increases. Although the largest wage increase among unionized workers in 34 years was previously reported, statistics across the economy point to a limited effect, with nominal income growth slowing to 1%. Private sector demand is showing signs of recovery, but the ongoing gap between inflation and wages casts doubt on the sustainability of consumption and increases uncertainty for the Bank of Japan policy, especially in the face of possible new tariffs from the US.The Japanese Yen has come under pressure, and amid local strengthening of the US dollar, USD/JPY continues to rise. Support is found in the area we mentioned earlier: 142-143. The nearest significant resistance zones can be met by the market near 146.00, and in case of its overcoming - when approaching 148.00.