A Maybank report indicates that the US Dollar Index (DXY) has found support, and short positions appear to be moderately reduced as the market cautiously awaits tonight's January non-farm payroll data. Despite last night's lower-than-expected US December retail sales data, showing no change month-on-month, the dollar maintained some support. The market is focused on January's non-farm payrolls, with expectations of approximately +65,000 (compared to 50,000 last month). The unemployment rate is likely to remain at 4.4%, and the revised 2025 annual employment forecast is projected at -825,000, which is the main reason for the dollar's weakness this week—market expectations may see the largest annual downward revision in history. After relatively significant volatility this week, the dollar is likely to maintain a consolidation pattern before the non-farm payroll data release. (Jinshi)