Most Read: US Dollar Falls Further After US NFP Beat but January Number Revised Sharply Lower
USD/JPY extended losses and sank to its lowest level since early February on Friday, supported by speculations that the Fed may be closer to getting greater confidence that inflation is on a sustained path towards the 2.0% target to start reducing borrowing costs.
The dollar’s lackluster performance before the weekend was compounded by the February employment report, which revealed a spike in the unemployment rate to its highest level in two years. This raised concerns about potential cracks appearing in the U.S. labor…
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