The yen gained Monday, rising from an 11-month low against the euro, after an aftershock of Japan’s March 11 earthquake discouraged demand for higher-yielding assets.The dollar remained lower versus the yen as Federal Reserve Vice Chairman Janet Yellen said the gain in food and fuel costs doesn’t warrant a reversal of monetary stimulus. The euro fell against the dollar on speculation the European Central Bank’s recent interest-rate increase may make it harder for nations including Ireland and Portugal to contain debt. The euro has gained 8% against the dollar since the start of this year as improving economic growth in Germany and accelerating inflation boosted speculation that interest rates would be lifted.European Central Bank President Jean-Claude Trichet and colleagues raised the main refinancing rate last week to 1.25% from a record low 1%, where it had been since 2009, and left the door open for further rate increases.Portugal will start negotiations with the European Union and the International Monetary Fund this week on a rescue package estimated at 80 billion euros ($115 billion.)The Dollar Index dropped 0.2% to 74.940 after falling on April 8 to as low as 74.838, the least since December 2009.U.S. congressional leaders and President Barack Obama averted a government shutdown by reaching an agreement on April 8, less than two hours before the government’s funding authority was due to expire.EUR/USD: on results of yesterday's session the pair decreased in around $1.4430.
GBP/USD: the pair bargained within the limits of $1.6310-$ 1.6430.
USD/JPY: on results of yesterday's session the pair decreased in around Y84.65. 
The IEA monthly oil market report is released at 0800GMT. The main EMU release for Tuesday is the 0900GMT release of German ZEW data for April, which is expected to see the current situation data edge to 85.0 from 85.4 and the economic sentiment index slip to 11.6 from 14.1 in March.UK data at 0830GMT includes inflation and trade data as well as the latest DCLG House Prices. The house price data is expected to show a marginal 0.1% increase y/y. Inflation data will be clearly watched and CPI is forecast to rise 0.6% m/m, remaining at 4.4% y/y with core-CPI edging lower to 3.3% y/y. The RPI measures are expected to come in at 0.6% m/m, 5.5% y/y with RPIX also remaining at 5.5% y/y. In its February Inflation Report the Bank of England forecast CPI would average 4.08% in Q1. If analysts median forecast for the March release is right, with CPI up 4.4% on the year, then CPI will average 4.3% in Q1. US data: the weekly Redbook Average is due at 1255GMT, while at 1400GMT, the latest IBD/TIPP Economic Optimism Index is released. Later, at 1800GMT, the US Treasury is expected to post a $189.0 billionbudget gap in March, much larger than the $65.4 billion gap in March 2010 due to a significant drop off in personal tax receipts.