The final release for the day will be Japans Current Account for January.  The Current Account measures the quarterly difference in value between imported and exported goods, services, income flows, and unilateral transfers. A rising current account is generally good for a currency while a declining has the opposite effect.

Last month the current account surplus narrowed for the first time in a year as export growth slowed and higher oil costs pushed imports to a record.  The surplus shrank to 1.69 trillion yen from a year earlier. 

This month the Current Account surplus is expected to shrink once again to 1.25 trillion Yen.  This would be the lowest surplus since January 2007 and further indication of the weakening export market as a result of slower global growth.  .