Japan's largest trade union group, Rengo’s first-round data shows an average wage hike of 5.46% for fiscal 2025, compared to the demand of a 6.09% hike.
The UK economy contracted in January, with the Gross Domestic Product (GDP) coming in at -0.1% after increasing 0.4% in December, according to the latest data published by the Office for National Statistics (ONS) on Friday.
The US Dollar Index (DXY), which tracks the US Dollar (USD) against six major currencies, extends its winning streak for a third consecutive day amid improved Treasury yields.
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Gold price (XAU/USD) enters a bullish consolidation and oscillates in a narrow range near the all-time peak touched during the Asian session on Friday.
The Japanese Yen (JPY) attracts some sellers during the Asian session on Friday and reverses the previous day's positive move against its American counterpart amid a slight improvement in the global risk sentiment.
In an interview with Breitbart News Network on Friday, US Treasury Secretary Scott Bessent said, "we don't get a recursive Biden-flation,” per Reuters.
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1738 as compared to the previous day's fix of 7.1728.
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