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Japan Labor Cash Earnings (YoY) came in at 2.6%, above expectations (2.2%) in October

USD/JPY loses momentum below 155.50 as Fed rate cut looms, Japan-China military tensions flare

The USD/JPY pair loses ground to near 155.25 during the early Asian session on Monday. The US Dollar (USD) weakens against the Japanese Yen (JPY) as traders brace for the Federal Reserve (Fed) meeting this week, where policymakers are widely expected to cut interest rates.
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Japan Gross Domestic Product Annualized came in at -2.3%, below expectations (-2%) in 3Q

Japan Gross Domestic Product Annualized came in at -2.3%, below expectations (-2%) in 3Q
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