The yen rose to one-week high against the dollar, as U.S. lawmakers try to agree on a solution to the problem of so-called "financial cliff", the essence of which spending cuts and tax increases, increased demand for assets seekers.

Japan's currency has strengthened, at least 0.2% against all 16 major currencies, after the leader of the Democratic majority in the U.S. Senate, Harry Reid said, "disappointed" at the lack of progress in the negotiations on avoiding a "financial cliff" .

Euro was down against the yen ahead of a report on Germany, which showed that consumer prices fell in November by 0.1%, in line with forecasts of many economists. After the publication of these data fall accelerated. Also released today data on the euro area showed that the growth rate of the monetary aggregate M3, which the ECB uses as an indicator of future inflation, rose in October to a level of 3.8, compared with a revised downward estimates for the previous month at around 2 , 6%. At the same time, economists expect this figure to drop 2.8%.

The dollar index, which is used to track the dollar against the currencies of six U.S. partners, rose by 0.1% to 80.488, registering growth of the third session in a row.

EUR/USD: during the European session, the pair dropped sharply, setting all-time low of $ 1.2890, near which now trades

GBP/USD: during the European session the pair fell to $ 1.5965

USD/JPY: during the European session is around Y81.70-Y81.95

At 15:00 GMT the U.S. are data on the volume of sales in the primary market in October. At 15:30 GMT the U.S. will know about the level of crude oil from the Ministry of Energy in November. At 17:15 GMT in Switzerland of the Swiss National Bank Thomas Jordan make a speech. Finish the day at 23:50 GMT Japanese data on Retail Sales for October.