06:30 France Non-Farm Payrolls (Finally) Quarter IV -0.2% -0.2% -0.2%
07:45 France CPI, m/m February -0.5% +0.5% +0.3%
07:45 France CPI, y/y February +1.2% +1.2% +1.2%
10:00 Eurozone Industrial production, (MoM) January +0.9% -0.1% -0.4%
10:00 Eurozone Industrial Production (YoY) January -2.4% -2.0% -1.3%
12:30 U.S. Retail sales February +0.2% +0.5% +1.1%
12:30 U.S. Retail sales excluding auto February +0.4% +0.2% +1.0%
12:30 U.S. Import Price Index February +0.6% +0.5% +1.1%
The yen strengthened for a second day against the dollar as a lack of unity among Japanese lawmakers for the government’s picks to run the central bank damped speculation for accelerated monetary easing.
Japan’s currency rose versus all its 16 major peers and bullish bets on the yen in the options market climbed to a nine- month high after the largest opposition party said yesterday it would vote against deputy governor nominee Kikuo Iwata, who advocates more easing.
The Your Party said today it will oppose Haruhiko Kuroda’s nomination for BOJ governor and Hiroshi Nakaso for deputy, while supporting Iwata. The Japan Restoration Party said it will endorse Kuroda and Iwata and oppose Nakaso. The main opposition Democratic Party of Japan said yesterday it opposed Iwata because he advocates changing the central bank law to give the government more control in setting policy.
The euro weakened as Italian borrowing costs rose at a debt sale. The euro fell for a second day against the dollar after Italian borrowing costs increased at a debt sale amid concern a political deadlock in the country will derail plans to implement austerity measures. Italy sold 3.32 billion euros of a 2015 note at 2.48 percent, up from the 2.30 percent at the prior auction on Feb. 13. The Treasury sold 2 billion euros of securities maturing in 2028 at 4.90 percent versus with 4.805 percent when the bonds were sold via banks on Jan. 15.
EUR / USD: during the European session the pair fell to $ 1.2994 and continued to fall after data on U.S. retail sales
GBP / USD: during the European session, the pair rose to $ 1.4981
USD / JPY: during the European session the pair fell to Y95.47 and recovered after data on U.S. retail sales to Y95.65
At 14:00 GMT the United States will report on changes in stocks in commercial warehouses for January. At 17:00 GMT the U.S. puts 10-year bonds. At 20:00 GMT we will know the decision of the Reserve Bank of New Zealand Interest Rate. Also this time, the press conference of the Reserve Bank of New Zealand, and will be presented to the accompanying statement and the minutes of the monetary policy of the Reserve Bank of New Zealand.