Strategists: If non-farm payroll data significantly deviates from expectations, the US dollar and US Treasury yields are expected to fluctuate sharply.

According to ME News, on February 9th (UTC+8), GivTrade strategist Hassan Fawaz pointed out in a report that given recent signs of a cooling US job market, any significant deviation from expectations in the January non-farm payroll data could trigger sharp fluctuations in the foreign exchange and bond markets. He stated, "If the data is weaker than expected, it could reignite market concerns about labor market momentum, strengthen expectations of monetary policy easing later this year, and thus put downward pressure on the dollar." He also noted that strong data could challenge these expectations, supporting the dollar and pushing up yields. (Source: ME)