<p>BNP Paribas stated that if the U.S. employment data is weak this week, it may put pressure on the U.S. dollar, potentially causing the dollar to break through its recent trading range against the yen. Alex Jekov, head of G10 FX strategy at BNP Paribas Markets 360, mentioned that if the U.S. employment data released on Friday is weak, it will increase the likelihood of the Federal Reserve cutting interest rates in the near term and re-establish the correlation between foreign exchange and interest rates that was interrupted in the first half of the year</p>

<p>BNP Paribas pointed out that if the U.S. employment data is weak this week, it may put downward pressure on the dollar and could lead to a breakout of the dollar against the yen from its recent trading range. Alex Jekov, head of G10 FX strategy at BNP Paribas Markets 360, stated that if the employment data released on Friday is poor, it will increase the likelihood of a Federal Reserve rate cut and reinforce the correlation between foreign exchange and interest rates</p>

BNP Paribas: This week's non-farm payroll data may pose downside risks to the US dollar