Foreign exchange market. Asian session

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

01:00 Australia Consumer Inflation Expectation May 3.4% 3.6%

01:35 Japan Manufacturing PMI (Preliminary) May 49.9 50.9

01:45 China HSBC Manufacturing PMI (Preliminary) May 48.9 49.3 49.1

02:00 New Zealand Annual Budget Release

04:30 Japan All Industry Activity Index, m/m March 0.1% -1.3%

The dollar weakened 0.3 percent versus the euro and 0.2 percent against Japan's yen. Federal Reserve Chair Janet Yellen gives a speech Friday on the economic outlook after minutes from the central bank's last meeting reinforced the message that borrowing costs could rise at any meeting. European leaders meet to discuss Greece's debt situation.

European Union leaders are due to meet with Greek Prime Minister Alexis Tsipras in Latvia's capital Riga, amid continued wrangling over the indebted nation's bailout.

The European Central Bank's Governing Council consented at a meeting in Frankfurt on Wednesday to a 200 million-euro ($222 million) increase in emergency funding for Greek banks, people familiar with the discussion said.

EUR / USD: during the Asian session the pair rose to $ 1.1125

GBP / USD: during the Asian session the pair rose to $ 1.5560

USD / JPY: during the Asian session the pair fell to Y121.05

UK retail sales provides the main data interest this morning (0830GMT), followed at 1000GMT by CBI trends. EZ final PMI's to be released ahead of UK data with attention turning to the afternoon's release of US weekly jobless claims (1230GMT), US mfg PMI (1345GMT) and existing home sales at 1400GMT.