European session: the euro rose

07:45 France Industrial Production, m/m December +0.5% -0.3% -0.1%

07:45 France Industrial Production, y/y December -3.6% -2.1% -2.1%

09:00 Eurozone Eurogroup Meetings -

The yen fell toward the weakest since May 2010 versus the dollar as Japanese officials signaled their commitment to policies that may cause it to depreciate.

Japan’s currency slid versus all of its 16 major peers after Economy Minister Akira Amari was reported by Kyodo News as saying the government should persevere with efforts to boost stocks. The yen slid for the first time in four days against the euro after Asian Development Bank President Haruhiko Kuroda, a potential candidate to head the central bank, suggested he favors greater stimulus.

The euro rose before ministers from the currency bloc meet to discuss aid for Cyprus and Greece. Euro-area finance ministers might discuss the euro’s exchange rate at tonight’s meeting in Brussels, Dutch Finance Minister Jeroen Dijsselbloem said.

The Group of Seven nations are considering releasing a statement on exchange rates this week to calm concern the world is on the brink of a currency war, three officials from G-7 countries said. The current draft wording contains a commitment to market-set exchange rates and an agreement that governments don’t use fiscal or monetary policy to drive currencies, the official said.

The G-7 is looking to release the statement before a Feb. 15-16 meeting in Moscow of finance ministers and central bankers from the Group of 20, which includes the G-7 and emerging markets such as Brazil, China and India.

EUR / USD: during the European session, the pair rose to a maximum of $ 1.3412

GBP / USD: during the European session the pair fell to the low of $ 1.5668

USD / JPY: during the European session the pair rose to a maximum of Y93.44

At 15:00 GMT the United States will share of overdue mortgage payments for the 4th quarter. At 20:30 GMT New Zealand publish house price index from REINZ, changes in the volume of home sales from REINZ for January.