The JPY has weakened marginally overnight in Asia, with stockmarkets there seeing subdued price action after yesterdays fun and games. USD/JPY is up at 94.85 from a North American close Monday around 94.45, while EUR/JPY is up at 133.75 from around 133.00.
Japanese importers and life insurers were among those selling the JPY, while Japanese exporters were reported selling USD/JPYat 94.80 up through 95.02 where the overnight rally topped out.
European data a little thin on the ground today, but ZEW economic sentiment numbers should ellicit some decent interest.
08:30 GMT: UK CPI July expected -0.3% m/m, +1.5% y/y, core +1.5% y/y
08:30 GMT: UK RPI index July expected 213.1, RPI -0.2% m/m, -1.7% y/y, ex mortgage pyts +1.0%
09:00 GMT: German ZEW August economic sentiment expected +45
09: 00 GMT: Euro zone ZEW August ecoonmic sentiment expected +43
