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USD/JPY · USDJPYBearish
USD/JPY dips below 161.20 amid weaker US dollar and stronger yen ahead of NFP.
In the past 24 hours, USD/JPY has declined below the 161.20 mark, influenced by a weaker US dollar and a strengthening Japanese yen. Market participants are cautious ahead of the upcoming US Nonfarm Payrolls (NFP) report, which is expected to show a significant drop in new jobs, potentially further undermining the US dollar. Additionally, the Japanese yen has gained strength, possibly due to anticipated government intervention to support the currency.
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AI-generated from public news sources. Not financial advice.