Asian session: The yen slid

01:30 Australia Home Loans March +2.0% +3.8% +5.2%

01:30 Australia National Australia Bank's Business Confidence April 2 -2

05:30 China Retail Sales y/y April +12.6% +12.8% +12.8%

05:30 China Fixed Asset Investment April +20.9% +21.1% +20.6%

05:30 China Industrial Production y/y April +8.9% +9.4% +9.3%

The yen slid for a fourth day to breach 102 per dollar for the first time in four years as Group of Seven finance chiefs indicated they'll tolerate a slide in the currency for now as they focus on Japan's recovery strategy.

The dollar's advance may be capped before Commerce Department figures today that may show U.S. retail sales fell in April for a second month, according to the median forecast of economists surveyed by Bloomberg News. Excluding automobiles and gasoline, sales probably climbed.

The greenback strengthened versus its 16 major peers after Treasury benchmark 10-year yields rose to the highest in seven weeks and before Federal Reserve Bank of Philadelphia President Charles Plosser speaks tomorrow. Plosser said May 9 that U.S. unemployment will probably fall to 7 percent at the end of 2013 and he would favor reducing the Fed's $85 billion monthly pace of bond-buying next month. His remarks highlight a debate within the Federal Open Market Committee on whether to expand or curb the pace of asset purchases that pumped up the central bank's balance sheet to $3.32 trillion.

The Australian dollar extended a slump from last week, the biggest five-day decline since November 2011, as Treasurer Wayne Swan is forecast to project a fifth and sixth year of budget deficits tomorrow.

EUR / USD: during the Asian session, the pair traded in the range of $ 1.2955-80

GBP / USD: during the Asian session, the pair is trading around $ 1.5350

USD / JPY: during the Asian session, the pair rose to Y102.15