The Japanese yen may temporarily decline after five consecutive weeks of gains as an upward correction in risky assets boosts carry trades at the expense of the stand-by funding currency.

Looking ahead to next week, the Bank of England (BOE) is anticipated to leave rates unchanged.

There is potential for very mixed results following the past week’s German ZEW report, which showed that investors are feeling more confident in current economic conditions, but are becoming increasingly pessimistic about the outlook.

Looking ahead to the next week, there will be a number of economic releases from Japan.

Looking ahead to the coming week, the economic indicators due to be released are not likely to be groundbreaking for the British pound and may not provide enough impetus to push the GBP/USD back above its 200-day moving average.

Markets widely predict that the Bank of England will leave rates unchanged at modern lows through their upcoming meeting.

The monetary policy landscape seems to point to gains in USD/JPY.

The euro’s biggest fundamental driver is the health of the US dollar.

The US dollar rocketed higher upon the release of the US non-farm payroll (NFP) report on December 4, which surprisingly showed that the labor market only lost 11,000 jobs in November, compared to forecasts for a decline of 125,000.

Tuesday's data is expected to show that total business investment fell for the fifth straight period in the third quarter.