The Asian trading session was not very positive, where most of the major Asian currencies were trading with a downside bias despite the positive data seen from Japan.

Japanese retail sales topped forecasts in January reflecting the improvement in consumer spendingthat will help the world's third-largest economy return to growth during the first quarter.

The data supported the dollar instead of the Japanese yen, and further supported the gains for the pair on eased haven demand for the currency. The pair is trading around 80.34, it recorded its highest at 80.47 and lowest at 80.33.

Moving to the NZD/USD pair, which is slightly retreating, where the pair is currently trading around 0.8394 after it reached the highest at 0.8403 and lowest at 0.8392.

Moving to the Australian dollar, it recorded a slight decline as aussie fell versus the U.S. dollar; the pair reached its highest level in today's trading session at 1.0760 and reached its lowest level at 1.0753, while it is currently trading around 1.0755.

Heading to Europe, it has important data to be released today where the euro zone will release February's economic confidence along with Germany's CPI. Nevertheless, the eyes will be on the ECB today as it offers the three-year loans and the details of the tender will be released tomorrow.