USD/JPY at Risk as U.S. Unemployment Trend Spurs Rate Cut Expectations
The USD/JPY currency pair is under pressure as growing expectations for Federal Reserve rate cuts weigh on the dollar. With key U.S. labor market data on the horizon, including the non-farm payrolls report, the pair’s future depends on whether the U.S. unemployment rate sees any unexpected declines. Explore the potential market drivers and technical analysis that could shape USD/JPY in the coming weeks.