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YEN RISES AGAINST MAJORS



The Japanese yen strengthened against the other major currencies in the Asian session on Monday.

The yen rose to a 5-day high of 144.15 against the euro and a 4-day high of 144.76 against the Swiss franc, from Friday's closing values of 144.36 and 145.03, respectively.

Against the pound, the yen advanced to 163.17 from an early 4-day low of 163.68. Against the Australian and the New Zealand dollars, the yen climbed to 5-day highs of 91.52 and 84.27 from last week's closing quotes of 91.87 and 84.48, respectively.

The yen rose to 99.67 against the Canadian dollar, from Friday's closing value of 99.85.

If the yen extends its uptrend, it is likely to find resistance around 141.00 against the euro, 140.00 against the franc, 159.00 against the pound, 88.00 against the aussie, 82.00 against the kiwi and 95.00 against the loonie.

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AUSTRALIAN DOLLAR FALLS AFTER RBA RATE DECISION



The Reserve Bank of Australia released its monetary policy meeting at 10:30 pm ET in the early Asian session on Tuesday. The RBA increased the cash rate target by 25 basis points to 3.60 percent, as expected.

After the RBA rate decision, the Australian dollar fell against its major rivals.

As of 10:31 pm ET, the aussie was trading at 1.5904 against the euro, 0.6721 against the U.S. dollar, 91.30 against the yen and 1.0827 against the NZ dollar.

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EUROPEAN ECONOMIC NEWS PREVIEW: GERMANY INDUSTRIAL OUTPUT & RETAIL SALES DATA DUE



Industrial production and retail sales from Germany and revised quarterly national accounts from the euro area are due on Wednesday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production and retail sales for January. Industrial output is forecast to grow 1.4 percent on month, in contrast to the 3.1 percent decrease in December. Sales are expected to climb 2.0 percent on month, reversing a 5.3 percent decrease in the prior month.

Half an hour later, the Hungarian Central Statistical Office is scheduled to release consumer prices for February. Inflation is forecast to ease to 25.4 percent from 25.7 percent in January.

At 4.00 am ET, Italy's Istat is scheduled to publish retail sales for January. Economists forecast sales to fall 0.2 percent on month, the same pace of fall as seen in December.

At 5.00 am ET, Eurostat releases euro area revised quarterly national accounts for the fourth quarter. The initial estimate showed that the currency bloc expanded only 0.1 percent after rising 0.3 percent in the third quarter.

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EUROPEAN ECONOMIC NEWS PREVIEW: FRANCE PAYROLL EMPLOYMENT DATA DUE



Payroll employment from France is the only major economic report due on Thursday, headlining a light day for the European economic news.

At 1.30 am ET, France's statistical office INSEE releases payroll employment data for the fourth quarter.

At 2.00 am ET, Statistics Sweden is scheduled to issue GDP, industrial production and new orders data for January.

At 3.00 am ET, the Czech Statistical Office publishes foreign trade data for January. The trade balance is forecast to show a surplus of CZK 15.3 billion compared to a shortfall of CZK 1.2 billion in December.

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YEN FALLS AFTER BOJ RATE DECISION



The Japanese yen weakened against the other major currencies in the early Asian session on Friday, after the Bank of Japan left its policy balance rate unchanged at -0.1 percent, as expected.

The yen fell to a 2-day low of 144.99 against the euro, a 3-day low of 163.19 against the pound and nearly a 3-month low of 146.91 against the Swiss franc, from yesterday's closing quotes of 144.04, 162.25 and 145.87, respectively.

Against the U.S. and the Australian dollars, the yen edged down to 136.97 and 89.99 from a recent 3-day high of 135.81 and nearly a 2-month high of 89.26, respectively. Against the New Zealand and the Canadian dollars, the yen dropped to 83.52 and 98.94 from recent 1-month highs of 82.87 and 98.15, respectively.

If the yen extends its downtrend, it is likely to find support around 146.00 against the euro, 166.00 against the pound, 148.00 against the franc, 139.00 against the greenback, 92.00 against the aussie, 85.00 against the kiwi and 100.00 against the loonie.

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U.S. DOLLAR FALLS AGAINST MAJORS



The U.S. dollar weakened against other major currencies in the Asian session on Monday. The U.S. dollar fell to nearly a 4-week low of 1.0731 against the euro and nearly a 2-week low of 1.2139 against the pound, from last week's closing quotes of 1.0639 and 1.2029, respectively.

The U.S. dollar retreated to 133.69 against the yen and 0.9155 against the Swiss franc, from early highs of 135.05 and 0.9202, respectively.

The U.S. dollar dropped to near 4-month lows of 133.52 against the yen and 0.9146 against the Swiss franc in the early Asian session today.

Against the Australian, the New Zealand and the Canadian dollars, the greenback dropped to 6-day lows of 0.6672, 0.6202 and 1.3711 from Friday's closing quotes of 0.6580, 0.6132 and 1.3823, respectively.

If the greenback extends its downtrend, it is likely to find support around 1.09 against the euro, 1.23 against the pound, 131.00 against the yen, 0.90 against the franc, 0.69 against the aussie, 0.63 against the kiwi and 1.35 against the loonie.

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AUSTRALIA CONSUMER CONFIDENCE DATA DUE ON TUESDAY



Australia will on Tuesday see March results for the consumer confidence index from Westpac Bank, highlighting a light day for Asia-Pacific economic activity. In February, the index dipped 6.9 percent.

Australia also will see February results for the business confidence survey from NAB; in January, the survey score was +6.

Singapore will release January results for unemployment; in the previous month, the jobless rate was 2.0 percent.

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AUSTRALIAN DOLLAR RISES AGAINST MAJORS



The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.

The Australian dollar rose to 2-day highs of 0.6711 against the U.S. dollar and 0.9169 against the Canadian dollar, from yesterday's closing quotes of 0.6682 and 0.9143, respectively.

Against the yen, the euro and the NZ dollar, the aussie edged higher to 90.00, 1.6028 and 1.0751 from yesterday's closing quotes of 89.68, 1.6054 and 1.0705, respectively.

If the aussie extends its uptrend, it is likely to find resistance around 0.69 against the greenback, 0.93 against the loonie, 91.00 against the yen, 1.56 against the euro and 1.09 against the kiwi.

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