Japanese Overtime Pay YoY (Jan) Y/Y 3.3% (Prev. 0.9%, Rev. From 1.5%)
The Japanese overtime pay data reveals a significant increase to 3.3% year-over-year in January, up from the previous 0.9% and revised from 1.5%.
[MARKET UPDATE] Metal prices are being slammed amid a firmer dollar and the risk off mood with copper futures down 2.8%, while spot gold fell by as much as 2% and with spot silver leading the downside with losses of 3.4%
PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: NVIDIA’s (NVDA) Vera Rubin chip may use both SK Hynix (000660 KS) and Samsung (005930 KS) HBM3 technologies
Japanese Overtime Pay YoY (Jan) Y/Y 3.3% (Prev. 0.9%, Rev. From 1.5%)
US President Trump and Chinese President Xi's summit is unlikely to yield a breakthrough, with five people briefed on preparation saying the summit is unlikely to create room for even a limited reset of business and investment ties, according to Reuters
Launches from Iran towards Northern Israel and Lachish area were identified, according to Kan News
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This sharp rise suggests improving wage dynamics, which could impact inflation expectations and consumer spending. For traders, this stronger wage growth may influence monetary policy considerations and strengthen the yen against other currencies.
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