The USD/JPY currency pair is currently trading within a narrow range around the 156.70 level during Thursday’s European session. This consolidation comes as traders prepare for the upcoming release of the US Nonfarm Payrolls (NFP) data for December, scheduled for Friday. Market participants are keenly anticipating how the employment figures will influence the exchange rate.
As the focus shifts to the NFP report, fluctuations in the USD/JPY exchange rate may occur based on the employment numbers and overall market sentiment. A strong jobs report could bolster the US dollar further, while disappointing data might weaken it. Traders are closely monitoring these developments to gauge potential impacts on future trading strategies involving the USD and JPY.
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Data Source: FX Killer Analysis Team Updated: 2026-01-08 11:42
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.