American focus: the market needs new impulses for further USD strengthening. [E]

The yen sharply rose versus the dollar after Bank of Japan Governor Toshihiko Fukui said policy makers need to adjust interest rates from near zero percent without delay." Remind that on a prior week the BOJ kept

rates unchanged. In March BOJ has ended a five-year policy of fuelling economy with extra cash.

Later Fukui informed that there is no necessity to hurry up with this question and cooled bulls. Nine of 15 economists surveyed by Bloomberg News this month said they expect the bank to raise rates as soon as

July. As some analytics believe BOJ can move it's key rate to 0.5% already by the end of current year that will be the highest boost since 1998.

USD remains within the limits of recently formed technical resistance versus EUR.

Issued data today shows mixed picture in a U.S. real state market. Thus the government report showed U.S. Housing starts unexpectedly rose on 5% in May to an annual rate of 1.957 million. At the same time Building

permits, a sign of future construction, fell 2.1% to lowest level since November 2003 and made 1.932 million as the Commerce Department said. There were speculations the housing market may be the first to falter

as the economy slows,'' said Grant Wilson, a currency trader in Mellon Bank. ``Today data reduce such fears and provide a little support for the dollar.'' Stock market opened with increase due to positive economy data and continued growth after short consolidation.