Foreign exchange market. Asian session

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

01:00 China Trade Balance, bln May 34.13 44.95 59.49

05:00 Japan Eco Watchers Survey: Current May 53.6 53.3

05:00 Japan Eco Watchers Survey: Outlook May 54.2 54.5

Japan's gross domestic product growth was revised sharply higher in the first quarter, data on Monday showed, adding to hopes that its economic recovery is gaining traction. GDP rose an annualized 3.9 percent in the first quarter, higher than the preliminary reading of a 2.4 percent increase.

The Dollar Index, a gauge of the currency versus 10 major peers, was little changed after jumping 0.8 percent on Friday. Employers in the U.S. added 280,000 workers to nonfarm payrolls in May, following April's 221,000 increase.

The euro fell a third day, losing 0.1 percent to $1.1101. U.S. President Barack Obama put concerns over the Greek deadlock onto the agenda of the G-7 summit in southern Germany on Sunday. Greece deferred a payment to the IMF on Friday and needs to crack a deal or get another extension before a euro-area bailout package expires June 30.

EUR / USD: during the Asian session the pair fell to $ 1.1080

GBP / USD: during the Asian session, the pair was trading in the range $1.5250-70

USD / JPY: during the Asian session the pair fell to Y125.30