USD/JPY EXTENDS THE REBOUNDS ABOVE 151.50 AHEAD OF US NFP

Tina Collins

07 Feb 2025 — 1 min read

USD/JPY EXTENDS THE REBOUNDS ABOVE 151.50 AHEAD OF US NFP

USD/JPY is rising: The currency pair bounced back above 151.50 after hitting a nearly two-month low.

Happening in Asia: This rebound happened during the Asian trading session on Friday.

Downside risks remain: Even though USD/JPY is going up now, it may still fall.

Why?: The Bank of Japan (BoJ) might raise interest rates, while the U.S. Federal Reserve (Fed) could cut rates.

Next important event: The U.S. Non-Farm Payrolls (NFP) report will be released soon, which could affect the market.

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