Foreign exchange market. Asian session: the yen declined

Economic calendar (GMT0):

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

00:05 United Kingdom Gfk Consumer Confidence February 4 3 3

03:15 United Kingdom BOE Gov Mark Carney Speaks

The U.S. dollar rose against the yen amid investors' hopes for a favorable outcome of the G20 meeting, which had started in Shanghai. The yen was also weighed by domestic inflation data. The National CPI, which excludes prices of fresh food, but includes energy costs, was unchanged in January compared to the same period last year after gaining 0.1% in each of the two previous months. The reading was in line with expectations and way below the 2% target set by the Bank of Japan.

Today market participants are waiting for revised data on the U.S. GDP. The index is expected to have grown by 0.4% in the fourth quarter.

The New Zealand dollar rose on strong trade data. The country's trading surplus came in at $8.0 million in January despite expectations for a $241 million deficit. December reading was revised to -$38 million from -$53 million. Exports rose by $217 million to $3.9 billion in January compared to January 2015. Imports rose by $261 million to $3.89 billion compared to the same period last year.

EUR/USD: the pair rose to $1.1065 in Asian trade

USD/JPY: the pair traded around Y113.00

GBP/USD: the pair fluctuated within $1.3950-10

The most important news that are expected (GMT0):

(time / country / index / period / previous value / forecast)

07:45 France GDP, q/q (Finally) Quarter IV 0.3% 0.2%

07:45 France GDP, Y/Y (Finally) Quarter IV 1.1%

10:00 Eurozone Industrial confidence February -3.2 -3.5

10:00 Eurozone Economic sentiment index February 105 104.4

10:00 Eurozone Consumer Confidence (Finally) February -8.8 -7

10:00 Eurozone Business climate indicator February 0.29 0.28

13:00 Germany CPI, m/m (Preliminary) February -0.8% 0.5%

13:00 Germany CPI, y/y (Preliminary) February 0.5% 0.1%

13:30 U.S. Personal Income, m/m January 0.3% 0.4%

13:30 U.S. Personal spending January 0.0% 0.3%

13:30 U.S. PCE price index ex food, energy, m/m January 0.0% 0.2%

13:30 U.S. PCE price index ex food, energy, Y/Y January 1.4%

13:30 U.S. PCE price index, q/q (Revised) Quarter IV 1.3% 0.1%

13:30 U.S. PCE price index ex food, energy, q/q (Revised) Quarter IV 1.4% 1.2%

13:30 U.S. Personal Income, m/m January 0.3% 0.4%

13:30 U.S. Personal spending January 0.0% 0.3%

13:30 U.S. PCE price index ex food, energy, Y/Y January 1.4%

13:30 U.S. PCE price index ex food, energy, m/m January 0.0% 0.2%

13:30 U.S. GDP, q/q (Revised) Quarter IV 2.0% 0.4%

15:00 U.S. Reuters/Michigan Consumer Sentiment Index (Finally) February 92 91

15:15 U.S. FOMC Member Jerome Powell Speaks

18:30 U.S. FOMC Member Brainard Speaks