CHF/JPY REVIEW: created by import-candles on 2026-10-23 from Monorex history (digits 3 map); check digits/point_size/pip_size, then activate. Swiss Frank vs Japanese Yen

Japan’s inflation-adjusted wages rose 2.2% from a year earlier in September, up from August’s revised 1.6%, Reuters reports. Base pay grew 3.7%, supporting the case for further Bank of Japan tightening. Total cash earnings rose 4.6%, but the ministry says a 32.6% jump in special payments reflected a statistical quirk rather than increased bonuses.

Japan’s October services PMI rose to 51.7 from 51.3, marking a fifth month of expansion, Reuters reports. But hiring slowed to its weakest pace in the current 14-month stretch and confidence fell to its lowest since March. Composite growth eased to 52.1 from 52.3 as manufacturing slowed, leaving a mixed backdrop for further Bank of Japan tightening.

التحليل: S&P Global’s Annabel Fiddes says growth momentum and easing costs will be important as the Bank of Japan assesses further tightening.

الرأي المقابل: Limitation: services improved, but hiring and confidence weakened and composite growth slowed.

Swiss consumer prices rose 1.5% from a year earlier in October, according to the Federal Statistical Office. Prices increased 0.2% over the month, with heating oil, petrol and diesel among the drivers. Footwear and hospital outpatient services also became more expensive. Lower prices for medical services at local surgeries, international package holidays and hotels partly offset those increases. The CPI reached 101.7 points on its December 2025 base of 100.