Asian session: Japan’s currency rose

00:00 Australia Consumer Inflation Expectation March +2.2% 2.3%

00:05 New Zealand RBNZ Governor Graeme Wheeler Speaks March

00:30 Australia Unemployment rate February 5.4% 5,5% 5.4%

00:30 Australia Changing the number of employed February 13.1 9.5 71.5

04:30 Japan Industrial Production (MoM) (Finally) January +1.0% +1.0% 0.3%

04:30 Japan Industrial Production (YoY) (Finally) January -5.1% -5.8%

Japan’s currency rose against the dollar and euro after Koichi Hamada told ruling-party lawmakers today that targeting exchange rates could lead to a currency war. Hamada, a retired Yale University professor, said 4 to 5 percent inflation is a concern if the policies of BOJ governor nomineeKuroda work too well, according to an interview published in the Tokyo Shimbun yesterday. He told ruling-party lawmakers today that currency competition through floating exchange rates is best.

The lower house of Japan’s parliament endorsed Kuroda’s nomination for the top central bank spot and that of Kikuo Iwata and Hiroshi Nakaso for deputy posts. The upper house is scheduled to vote tomorrow. Kuroda has advocated greater injections of cash to boost growth and halt more than a decade of price declines.

Australia’s dollar climbed versus all of its major counterparts after data showed the nation’s employment rose by the most in almost 13 years. The number of people employed gained 71,500 in February, the statistics bureau said in Sydney today, exceeding the 10,000 increase estimated by economists.

EUR / USD: during the Asian session the pair was trading around $ 1.3060.

GBP / USD: during the Asian session, the pair rose to $ 1.4955.

USD / JPY: during the Asian session the pair fell to Y95.65.

A light UK calendar today, influence to come from outside sources. Early in Europe, although late in Sydney, RBA Asst Governor Kent Speaks at 0700GMT. At