01:30 Australia ANZ Job Advertisements (MoM) August -1.1% -2.0%

01:30 Australia Home Loans July +2.6% Revised From 2.7% +2.2% +2.4

01:30 China PPI y/y August -2.3% -1.7% -1.6%

01:30 China CPI y/y August +2.7% +2.6% +2.6%

02:00 China Trade Balance, bln August 17.8 20.3 19.6

05:00 Japan Consumer Confidence August 43.6 44.3 43.0

The yen fell as Tokyo’s winning bid to host the 2020 Olympics boosted optimism in Japanese Prime Minister Shinzo Abe’s package of fiscal and monetary policies that have helped weaken the currency 13 percent this year. Japan’s capital, which staged the 1964 Summer Games, beat Madrid and Istanbul to win the 2020 host role, the International Olympic Committee said Sept. 7 in Buenos Aires. Abe said yesterday at a televised press conference that the games would have “good effects on a wide range of areas such as infrastructure and tourism.

The yen was lower against all of its major peers after a report showed the nation’s economy expanded faster than initially estimated. Japan’s gross domestic product rose an annualized 3.8 percent in the second quarter from three months before, compared with a preliminary estimate of 2.6 percent, the Cabinet Office said in Tokyo today. First quarter growth was revised to 4.1 percent, the fastest in a year, from 3.8 percent.

The U.S. currency held gains from last week versus the euro amid expectations the Federal Reserve will reduce its $85 billion in monthly bond purchases this month.

Australia’s dollar touched a three-week high after data showed China’s exports increased, boosting trade prospects. In China, overseas shipments rose 7.2 percent in August from a year earlier, the General Administration of Customs said in Beijing yesterday. That compares with the 5.5 percent median estimate of economists surveyed by Bloomberg and July’s 5.1 percent gain. Imports rose a less-than-estimated 7 percent, leaving a trade surplus of more than $28 billion.

Consumer prices in China rose 2.6 percent last month from a year earlier, the Beijing-based National Bureau of Statistics said today, matching the median economist estimate in a Bloomberg poll. Prices gained 2.7 percent in both July and June, the fastest pace since February.

EUR / USD: during the Asian session the pair traded in the range of $ 1.3160-80

GBP / USD: during the Asian session, the pair rose to $ 1.5645

USD / JPY: during the Asian session the pair is trading around the level to Y99.80

The first half of the week is fairly data light on both sides of the Atlantic, with much investor attention on the address to the nation by President Obama on Tuesday evening, laying out the case for strikes against Syria. Then there will be the votes in Congress later in the week. Today's data gets underway with the release of the Swiss August unemployment numbers at 0545GMT. There is further Swiss data expected at 0715GMT, with the release of the July retail sales numbers. The main euro area release comes at 1000GMT, when the OECD leading indicator will be released.