[Mitsubishi UFJ: Weak Nonfarm Payroll Data May Prompt Fed to Increase Rate Cuts] Mitsubishi UFJ analyst Lee Hardman stated in a report that if the U.S. nonfarm payroll data released this Friday is significantly weaker than expected, the dollar could face further downward pressure. He noted that consecutive weak employment data would strengthen market expectations for the Federal Reserve to resume rate cuts at the September meeting, potentially even cutting rates by 50 basis points in one move. Currently, the market broadly anticipates the Fed will cut rates by 25 basis points this month and cumulatively reduce rates by over 100 basis points by September next year. Hardman believes that unless the nonfarm payroll data is significantly better than expected, it will be difficult to change the market's expectation of imminent rate cuts by the Fed.