USDJPY is trading around 148.3-148.4, showing little change after moderate dollar weakness amid expectations of Fed rate cuts and signs of a slowdown in the US labor market. The dollar's decline is partly offset by the yen's resilience, supported by a successful Japanese government bond auction and a decline in Japanese Government Bonds yields. Key range: resistance near 149.0, support at 147.8-148.0. Traders should keep an eye on the upcoming US employment data and the Fed rhetoric - they can initiate new waves of volatility in the pair.