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Harry Ida

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Few market players here are willing to trade aggressively ... this is because of the US holiday today.

This week's focus will be the January US consumer price index, due Wednesday, as the market is awaiting the key inflation data.

The yen rose earlier on a report that the Chinese yuan could be convertible on the capital account in the future.

If the core CPI is above market consensus forecast of a rise of 0.4 pct year-on-year, this would fuel speculation that the Bank of Japan will end its ultra-easy monetary policy at its meeting next week, which could spark a spate of yen-buying.

If the core CPI is above market consensus forecast of a rise of 0.4 percent year-on-year, this would fuel speculation that the Bank of Japan will end its ultra-easy monetary policy at its meeting next week, which could spark a spate of yen-buying.

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