The non-farm payrolls are expected to see the largest annual downward revision in history, and the US Dollar Index is expected to remain volatile before the data release.

According to Odaily, a report from Malayan Banking indicates that the US Dollar Index (DXY) has found support, with short positions appearing to be moderately unwound as the market cautiously awaits the release of January's non-farm payroll data tonight. Despite December's US retail sales data released last night coming in below expectations and remaining flat month-on-month, the dollar still maintains some support. The market is focused on the number of new non-farm jobs added in January, expected to be around +65,000 (compared to 50,000 last month), with the unemployment rate possibly holding at 4.4%. The annual employment revision for 2025 is projected at -825,000, which is also the main reason for the dollar's weakness and pressure this week—the market anticipates what could be the largest annual downward revision in history. After experiencing relatively significant volatility this week, the dollar may remain in a consolidation pattern ahead of the non-farm data release. (Golden Ten Data)