Asian session: The dollar remained higher against the yen

00:30 Australia ANZ Job Advertisements (MoM) November -0.1% -0.8%

01:30 China PPI y/y November -1.5% -1.5% -1.4%

01:30 China CPI y/y November +3.2% +3.0% +3.0%

05:00 Japan Eco Watchers Survey: Current November 51.8 52.3 53.5

05:00 Japan Eco Watchers Survey: Outlook November 54.5 54.7 54.8

The dollar remained higher against the yen before regional Federal Reserve presidents speak amid speculation the U.S. central bank will consider reducing monetary stimulus as early as next week.

St. Louis Fed President James Bullard, who has said policy makers could taper at this month’s meeting, and Dallas Fed President Richard Fisher will speak separately today. St. Louis Fed President Bullard said on Nov. 20 a strong jobs report could increase the chances of slowing the pace of bond purchases this month. The Dallas Fed’s Fisher, who will vote on policy next year, said on Dec. 5 the Fed at the start of tapering purchases should provide “a definite path as to when we reach zero.”

The euro reached a five-year high versus the yen before data forecast to show a pickup in industrial production in Germany, Europe’s largest economy. German industrial production probably increased 0.7 percent in October from the previous month, when it contracted 0.9 percent, according to the median estimate of economists surveyed by Bloomberg News before the data today.

Australia’s dollar held a two-day gain after China trade surplus increased to a four-year high. In China, the trade surplus widened to $33.8 billion, the biggest since January 2009, data from the General Administration of Customs showed yesterday in Beijing. China is Australia’s biggest trading partner.

EUR / USD: during the Asian session, the pair rose to $ 1.3720

GBP / USD: during the Asian session the pair fell to $ 1.6320

USD / JPY: on Asian session the pair traded in the range of Y102.85-35

A data light day in the UK with moves to come from continued analyst fallout from Friday's strong NFP and its possible effects on the US taper timetable.