01:30 Australia Unemployment rate July 5.7% 5.8% 5.7%

01:30 Australia Changing the number of employed July +10.3 +6.2 -10.2

02:00 China Trade Balance, bln July 27.1 26.2 17.8

02:30 Japan BoJ Interest Rate Decision 0.10% 0.10% 0.10%

02:30 Japan Bank of Japan Monetary Base Target 270 270

02:30 Japan BoJ Monetary Policy Statement

05:00 Japan Eco Watchers Survey: Current July 53.0 53.5 53.2

The yen retreated from a seven-week high after Japan reported a narrower-than-expected surplus for the broadest measure of trade and the central bank maintained its bond-buying program.

The yen fell against all of its 16 major peers after a report showed Japanese investors bought foreign bonds for a fifth-straight week in the period ended Aug. 2. The Bank of Japan maintained its plan to increase the monetary base by up to 70 trillion yen ($724 billion) annually to stoke inflation.

Japan’s current-account surplus was 336.3 billion yen in June, Finance Ministry data showed today, trailing the 400 billion yen median estimate in a Bloomberg News survey of economists. The balance fell 20.3 percent from a year ago compared to an estimated 3.5 percent decline.

The euro was supported before a German report that will probably show exports outpaced imports by 15 billion euros ($20 billion) in June, according to the median estimate of economists. The current account surplus rose to 16 billion euro, the poll projects. European Central Bank President Mario Draghi said last week economic indicators signal the currency bloc is past the worst of its longest-ever recession, while reiterating that interest rates will stay low for the foreseeable future.

EUR / USD: during the Asian session the pair traded in the range of $ 1.3325-45

GBP / USD: during the Asian session the pair traded in the range of $ 1.5485-00

USD / JPY: during the Asian session the pair rose to Y96.95

Market now set for the Kuroda press conference at 0630GMT (usually a closed session with headlines to follow).