Jens Naervig Pedersen, a foreign exchange and interest rate strategist at Danske Bank, stated in a report that global market liquidity is expected to remain thin this week but may rebound next week. The strategist pointed out: "Looking ahead, with more economic data being released, market liquidity should improve next week." Key data next week includes important U.S. labor market data, such as the December non-farm payroll report released on January 9 and the ISM survey. During the year-end period, many market participants take vacations or close positions, leading to typically low market liquidity.