Derek Halpenny, head of research at Mitsubishi UFJ, stated in the report that unless the U.S. non-farm payroll report is significantly stronger or weaker than expected, the dollar is unlikely to experience substantial changes. Given the clear comments from Federal Reserve officials regarding slowing the pace of rate cuts and the approach of President Trump's inauguration, the expectation for significant fluctuations in the dollar may deviate. 'We remain Bullish on the dollar, but the trend may be more restrained until the confirmation of trade tariff announcements on or shortly after Trump's inauguration day.'