March Japanese Yen futures declined for the fourth consecutive session, reaching an eight-week low as weak economic data from Japan weighed on the currency. Average cash earnings for November rose only 0.5% year-over-year, significantly missing the 2.3% expectation, while consumer confidence and coincident index figures also fell short of projections. Despite a miss in U.S. nonfarm payrolls, the U.S. dollar strengthened against the yen, supported by a lower unemployment rate and rising Treasury yields. The yen has now declined 2.47% since its December 15 peak as the market continues to digest global labor data and interest rate trends.
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