At auction in New York a couple rallied, swallowing up the European session Y87.74 and moving day high at Y87.99. U.S. economic calendar is empty today, but traders noted the Fitch warning of a possible downgrade of Japan due to its high level of debt. In addition, Japanese politicians continue to voice their commitment to improve the inflation target of 2%.

January 22 The Bank of Japan will announce its decision on monetary poliitke. Investors expect the Central Bank, under severe pressure okazvashiysya Abe government, demonstrates very pigeon attitude.