Asian session: The yen slid against the dollar

00:30 Australia RBA Meeting's Minutes

03:00 Japan BoJ Interest Rate Decision 0.10% 0.10% 0.10%

03:00 Japan Bank of Japan Monetary Base Target 270 270 270

03:00 Japan BoJ Monetary Policy Statement

07:30 Japan BOJ Press Conference

The yen slid against the dollar after the Bank of Japan boosted lending programs and said it will continue monetary easing until stable 2 percent inflation is achieved. The BOJ doubled a funding tool to 7 trillion yen ($68 billion) and said individual banks could borrow twice as much low-interest money as previously under a second facility. It left unchanged a pledge to expand the monetary base by 60 trillion to 70 trillion yen per year.

The U.S. currency remained lower against the euro before a report today analysts forecast will show manufacturing in the New York region slowed this month. The Federal Reserve Bank of New York’s general economic index probably fell this month after climbing in January to the highest since May 2012, according to the median estimate of analysts polled by Bloomberg before today’s data.

The Australian dollar rose to a one-month high after the Reserve Bank said there were further signs easy policy and a weak currency were having an impact. In Australia, minutes of the RBA’s meeting this month released today showed officials saw signs of record-low borrowing costs and a lower exchange rate helping growth. “If the economy evolved broadly as expected, the most prudent course would likely be a period of stability in interest rates,” according to the minutes.

EUR / USD: during the Asian session, the pair rose to $ 1.3715

GBP / USD: during the Asian session, the pair rose to $ 1.6730

USD / JPY: during the Asian session, the pair rose to Y102.65

Attention turns to UK inflation data at 0930GMT (CPI, PPI, RPI). The market will be awaiting German and euro-zone ZEW Economic Sentiment release later today for fresh clues.