欧元/日元价格预测：177.00上方仍有建设性前景。欧元/日元价格预测：177.00上方仍有建设性前景

EUR/JPY Price Forecast: Constructive outlook remains in play above 177.00.EUR/JPY Price Forecast: Constructive outlook remains in play above 177.00

日本PMI综合指数收于51.5，价格风险加剧。日本10月PMI服务业指数最终确定为53.1，略低于9月的53.3。PMI综合指数从51.3微升至51.5，服务业的强劲抵消了制造业的持续疲软。

Japan's PMI composite finalized at 51.5, price risks intensify.Japan's PMI Services was finalized at 53.1 in October, slightly below September's 53.3. PMI Composite edged up to 51.5 from 51.3 as strength in services offset continued weakness in manufacturing.

周四，日元兑美元汇率突破154，从上一交易日的下跌中恢复，因为稳定的工资增长增强了人们对日本央行将继续走紧缩道路的预期。9月份名义工资上涨1.9%，高于8月份的1.5%，这得益于稳定的基本工资和加班收入的适度增长。尽管如此，工资增长仍落后于消费者价格指数3.4%的涨幅，导致实际工资下降1.4%，这是连续第九个月下降。日本央行行长上田和夫表示，在央行上周保持政策不变后，2026年的工资前景将是决定何时恢复紧缩的关键。与此同时，日本新任首相高一重申，日本尚未看到由强劲工资增长驱动的可持续通胀，这表明她的政府对进一步加息持谨慎态度。

The Japanese yen strengthened past 154 per dollar on Thursday, recovering from the previous session’s losses as steady wage growth reinforced expectations that the Bank of Japan will stay on its tightening path. Nominal wages rose 1.9% in September, up from a 1.5% gain in August, supported by stable base pay and a modest rise in overtime income. Still, wage growth lagged behind the 3.4% increase in consumer prices, resulting in a 1.4% drop in real wages and marking the ninth consecutive monthly decline. BOJ Governor Kazuo Ueda said the 2026 wage outlook will be key in deciding when to resume tightening after the central bank left policy unchanged last week. Meanwhile, new Prime Minister Sanae Takaichi reiterated that Japan has yet to see sustainable inflation driven by strong wage gains, signaling her administration’s cautious stance toward further rate hikes.

日本工资增长1.9%，但实际收入连续第九个月下降。日本9月份实际工资连续第九个月下降，经通胀调整后的收入同比下降1.4%，此前8月份修正后下降1.7%，延续了1月份开始的收缩趋势。

Japan wage growth at 1.9%, but real income falls for ninth month.Japan's real wages declined for a ninth consecutive month in September as inflation-adjusted earnings fell -1.4% yoy, following a revised -1.7% drop in August, extending a contraction streak that began in January.