Should consumer prices fall more than expected, it will certainly diminish concern about inflation and reduce expectations for further rate hikes in the U.S.. There's more room for the dollar to fall toward the year-end.

I would not be surprised to see a short-term correction of the dollar. Strong Japanese economic data could be used as an excuse to buy back the yen.

This should be yen positive, as the trade surplus argument always favors the yen.

Strong economic indicators will reinforce the view the Fed will continue raising rates. The dollar-bullish trend will likely continue this week.

Amid the prevailing dollar-bearish sentiment, strong data in Germany could surely push up the euro again. Should the index rise more than expected, it will certainly raise expectations for ECB rate hikes.

The market continues to focus on interest rate differentials, and that is making the dollar firm.

The most important thing is when Japanese interest rates actually start to rise, and that's still a long way off.

Momentum for the yen is good. Fukui's comments and this newspaper report fed speculation about a March policy move, increasing the chances of a rate hike by the end of the year.

The dollar-bullish trend will likely continue this week. Strong economic indicators will reinforce the view the Fed will continue raising rates.