Asian session: The euro slid

00:00 Japan Bank holiday

The euro slid toward the lowest in almost four months against the dollar after the Cypriot parliament voted down a bank-deposit levy needed to secure a bailout, risking renewed tumult in the currency bloc.

The 17-nation currency fell for a fourth day versus the yen as an official familiar with the matter said European policy makers in Cyprus discussed further capital controls and extending a bank holiday through to the end of the week.

Officials from the European Central Bank, the International Monetary Fund and the European Commission may wait until the outcome of an ECB Governing Council meeting that starts in Frankfurt today before making any decisions, said a European official familiar with the talks, who spoke on condition of anonymity because the discussions are confidential.

The yen and dollar rose against most major peers as investors sought havens on concern Europe’s crisis may slide out of control.

The dollar weakened against the yen before the Federal Reserve ends a two-day meeting today amid speculation policy makers will decide to keep buying bonds to support economic growth. The Federal Open Market Committee will issue a statement and economic forecasts after ending its policy meeting, and Fed Chairman Ben S. Bernanke will brief reporters.

EUR / USD: during the Asian session the pair was trading around the level of $ 1.2870.

GBP / USD: during the Asian session, the pair traded in the range of $ 1.5080-05.

USD / JPY: during the Asian session the pair was trading around the level of Y95.00.

Cyprus developments will continue to provide headline risk and has potential to overshadow this afternoon's FOMC (1800GMT) with Bernanke to follow up with a press conference at 1830GMT. Data interest provided by Germany PPI at 0700GMT ahead of EZ current account at 0900GMT. The Budget will be announced at

1200GMT. Ahead of this BOE Minutes and employment data are due for release at 0930GMT.