Strategist: Unless the non-farm data significantly deviates from expectations, the dollar and U.S. Treasury yields are expected to fluctuate sharply

According to Jinshi News, GivTrade strategist Hassan Fawaz pointed out in a report that given the recent signs of cooling in the U.S. job market, any significant deviation of January's non-farm payroll data from expectations could trigger severe fluctuations in the foreign exchange and bond markets. He stated that if the data is weaker than expected, it could reignite concerns about the momentum in the labor market, strengthening expectations for monetary policy easing later this year, thereby putting pressure on the dollar; if the data is strong, it could challenge the aforementioned expectations, providing support for the dollar and pushing up yields.