Asian session: the euro advanced

21:45 New Zealand Trade Balance September -0.751

23:50 Japan Retail sales, y/y September -1.2%

03:00 Japan BoJ Interest Rate Decision 0.00%-0.10%

07:00 Japan BOJ Press Conference

The Bank of Japan expanded stimulus as Europe’s deepening sovereign-debt crisis caused an appreciation in the yen that may endanger a recovery from the March earthquake, tsunami and nuclear crisis. Governor Masaaki Shirakawa and his policy board expanded their credit and asset-purchase programs to a total of 55 trillion yen ($724 billion) from 50 trillion yen in an 8-1 majority vote, the central bank said in a statement in Tokyo today. It also kept the overnight lending rate between zero and 0.1 percent.

The euro rose and stocks advanced in Asian trading.European leaders persuaded bondholders to take 50 percent losses on Greek debt and boosted the firepower of the rescue fund to 1 trillion euros ($1.4 trillion), responding to global pressure to step up the fight against the financial crisis. Ten hours of brinkmanship at the second crisis summit in four days delivered a plan that the euro area’s stewards said points the way out of the debt quagmire, even if key details are lacking. Last-ditch talks with bank representatives led to the debt-relief accord, in an effort to quarantine Greece and prevent speculation against Italy and France from ravaging the euro zone and wreaking global economic havoc.

EUR/USD: on Asian session the pair gain and showed new week’s high.

GBP/USD: on Asian session the pair advanced, but receded from week’s high.

USD/JPY: on Asian session the pair is under pressure.