USD faces uncertainty as NFP data delayed before Fed decision

The absence of the US Non-Farm Payrolls report this week creates significant uncertainty for USD pairs, particularly as the Federal Reserve approaches its December 10 policy decision without crucial labor market data. This unusual timing has sparked speculation about whether the Bureau of Labor Statistics deliberately scheduled the release to avoid presenting potentially stronger employment figures that could complicate the Fed's anticipated rate cut decision. USD pairs have shown mixed reactions, with traders cautiously positioning ahead of next week's FOMC meeting. The data void leaves the Fed relying on older employment metrics and alternative indicators, potentially increasing market volatility. Technical levels show EURUSD hovering near 1.0550, while USDJPY maintains support around 149.50. The lack of fresh employment data could actually increase the likelihood of a 25 basis point rate cut, as the Fed may lean toward caution without updated labor market confirmation.