On January 2, Jens Naervig Pedersen, foreign exchange and interest rate strategist at Danske Bank, said in a report that global market liquidity is expected to remain light this week, but may rebound next week. "Looking ahead, market liquidity should improve next week as more economic data is released," the strategist noted. Highlights for next week include key data on the U.S. labor market, such as the December Nonfarm Payrolls report released on January 9, as well as the ISM survey. During the year-end period, many market participants take vacations or close their positions, resulting in generally low market liquidity.