The Asian session at today's trading isn't so optimistic, where most of the major Asian currencies are trading lower after the release of Japan's rectal trade.

As, the Japanese retail sales exceeded economists' forecasts in January, showing a recovery in consumer spending that will help the world's third-largest economy return to growth during 2012's first quarter.

Starting with the Japanese currency, as the USD/JPY pair is unexpectedly retreating, as it is currently trading around 80.34, which means that it retreated by (0.16%) since the last session, yet 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, as it recorded a slight drop 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 EU harmonized .