Derek Halpenny from Mitsubishi UFJ Bank suggests that if the upcoming U.S. employment data is robust, it could lead to a further reduction in Federal Reserve rate cut expectations, potentially strengthening the dollar. According to Jin10, Halpenny highlights that the Middle East conflict has driven up energy prices, raising inflation concerns. If non-farm payrolls show strong performance and wage growth accelerates, the market might further reduce rate cut bets, boosting the dollar. However, he cautions that if the conflict continues to impact business activities, Friday's employment data might be the best outcome for some time.