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May 2, 2025

USD/JPY Pair Retraces Ahead of Critical US NFP Data Releases

The USD/JPY currency pair has experienced selling pressure as it corrects to around the 144.50 level after a brief recovery near 146.00. This retracement comes as the US Dollar Index (DXY) has pulled back from its gains made on Thursday, settling around 99.65. Traders are bracing for critical US non-farm payroll (NFP) data that could significantly impact currency movements. As the market anticipates these data releases, volatility within the USD/JPY pair is likely to increase, making it crucial for traders to stay informed and react quickly to the changing landscape.

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