Upside hopes for the GBP?
The British monthly GDP is announced on Friday at 09:00 MT time.
Japan's business mood reaches decade-maximum
Big Japanese manufacturers demonstrate more confidence in the country’s business conditions compared to a decade ago because a weak yen as well as robust global demand spur the economic recovery, as a closely watched key bank survey disclosed on Monday.
In a sign the revival was extending, small manufacturers' business confidence also reached a decade-maximum, while the ratio of companies complaining of labor shortages hit a 25-year peak, as the Bank of Japan's "tankan" quarterly poll states.
The positive data could help premier Shinzo Abe as the statesman tries to persuade Japanese voters in an October 22 election that his ambitious "Abenomics" stimulus policies have drastically improved their livelihoods.
It also underpins BOJ policymakers' hopes that a sustained economic revival will spur wages as well as household spending, although many financial experts expect inflation to stay distant from the key bank's 2% objective.
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Strong USD on Tuesday
The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting.
Will the USD grow with the US labor market?
The US unemployment claims are out on Thursday at 15:30 MT time.
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ECB report is in focus
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Markets await Biden to unveil "trillions dollars"
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
USD came under selling pressure
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
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