USD/JPY Pair Hits Five-Week Lows Ahead of US NFP Release

Friday, 8 March 2024, 00:38
The USD/JPY pair is losing momentum as it falls below the key level of 148.00, marking fresh five-week lows during Asian trading hours. Traders are anticipating the release of US NFP data that could impact the currency pair’s direction in the near term.
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USD/JPY Pair Hits Five-Week Lows Ahead of US NFP Release

USD/JPY Drops Below Key Level

The USD/JPY pair declines to fresh five-week lows below the 148.00 mark, signaling weakening momentum.

Importance of US NFP Data

The US NFP data release is looming, causing traders to closely monitor the upcoming economic indicators.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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