There are concerns that the revival in euro zone business confidence has been driven by the external sector, which could be undermined if the euro keeps on rising.

One month's out performance does not mean the long-awaited consumer revival has arrived.

If the BOJ can deliver an exit strategy without creating undue political friction, it could be the catalyst for some associated recovery in the yen, a move that will only be amplified, the more stretched the speculative market allows itself to become.

The rise in output prices ... will not ruffle the doves unduly when the Monetary Policy Committee meets next month to decide on interest rates.

The rise in output prices ... will not ruffle the doves unduly when the MPC meets next month to decide on interest rates.

There is a big hangover from soft U.S. data we had yesterday which worked in the direction of dollar weakness.