The dollar weakened and Treasury yields dipped ahead a raft of US jobs data this week which could cement the view that the Federal Reserve will keep cutting interest rates this year. Bloomberg’s gauge of the greenback fell 0.2% on Monday, dropping for a second day. The looming risk of a US government shutdown also weighed on sentiment, given that a temporary stop to government services would delay economic data releases including non-farm payrolls due on Friday, raising uncertainties around the outlook fo ...

Macroeconomic Trends - Japan's civil servants are poised for the largest pay raise in 34 years [1] - This pay increase could strengthen the positive feedback loop of wage and price growth [1] Monetary Policy Implications - The Bank of Japan has long sought this virtuous cycle as a prerequisite for further monetary tightening [1]