Data:
02:00 China Producer Price Index (YoY) (Mar) 7.3%
02:00 China Retail Sales (YoY) (Mar) 17.4%
02:00 China Urban investment (YTD) (YoY) (Mar) 25.0%
02:00 China Industrial Production (YoY) (Mar) 14.8% 2
02:00 China Consumer Price Index (YoY) (Mar) 5.4%
02:00 China Gross Domestic Product (YoY) (Q1) 9.7%
04:30 Japan Industrial Production (YoY) (Feb) 2.9%
04:30 Japan Capacity Utilization (Feb) 2.9% 1
04:30 Japan Industrial Production (MoM) (Feb) 1.8%
The yen rose, reversing earlier losses, as Chinese data on consumer prices stoked concern Asia’s biggest economy will take more steps to cool growth, spurring demand for Japan’s currency as a refuge.
The yen gained versus all of its 16 major counterparts as stocks declined after China’s statistics bureau said inflation quickened to the fastest pace in more than two years.
The euro weakened after Moody’s Investors Service cut its credit rating on Ireland.
China’s economy grew 9.7 percent in the first quarter while consumer prices increased 5.4 percent in March from a year earlier, the statistics bureau in Beijing said today. The median forecasts in surveys of economists were for economic growth of 9.4 percent and inflation of 5.2 percent.
EUR/USD: the pair shown low in the field of $1.4460 then grown.
GBP/USD: the pair shown low in the field of $1.6310 then grown.
USD/JPY: the pair decreased in around Y83.20.

The G20 finance ministers and central bankers meeting takes place in Washington from 1430GMT today. Main European data is sparse, with just the 0900GMT release of the February EMU trade balance and also
March final HICP.
US data start at 1230GMT with the Consumer Price Index and also the NY Fed Empire State Survey. Consumer prices are expected to reflect the continued price pressures from food and energy, though to a lesser extent than in at the wholesale level. Overall CPI is forecast to rise 0.5%, while core CPI is expected to rise 0.2%. The NY Fed Empire State Index is forecast to hold steady at a reading of 17.5 in April after rising in each of the last four months. The Treasury International Capital System (TICS) data follows at 1300GMT. US data continues at 1315GMT, when industrial production is expected to rise 0.6% in March. Factory payrolls rose 17,000 in the
month, while auto production jobs rose 3,000. The factory workweek fell 0.1 to 40.5 hours. The ISM production index rose to 69.0 in March. Capacity utilization is forecast to rise to 77.4%. 1355GMT, The Michigan Sentiment index is expected to rise to a reading of 69.0 in early-April.