fat loss during water retention from high sodium

Confused by the title? Me too. Anyway heres my story, had a baked ham for supper and left overs next few days, I know ham is high in sodium just never realized how high til I entered it. Anyway, next day my weight spikes by 2 pounds which I understand is from water retention and you need to flush it out with more water, I get that. My question though is this, can you still have fat loss while retaining water from high sodium intake?