Following a packed schedule of economic indicators and company reports last week, the coming five days are expected to be quieter with US markets closed today.

The yen reached a six-week high during early foreign exchange trading on Monday, valued at ¥119.36 against the dollar and ¥157.05 on the euro.

In the UK, the high street banks are due to report this week. Analysts said that they are on course to post record profits, with HSBC expected to top last year's £10.7 billion.  

Wednesday's US consumer price inflation index is expected to be the most significant of this week's economic indicators, followed by labour figures on Thursday.

On this side of the Atlantic, Treasury figures for January money supply will be closely watched when released on Tuesday.

This will be followed by Confederation of British Industry industrial trends data on Wednesday.

Intercontinental Hotels, Rexam, Scottish & Newcastle, Anglo American, BAE Systems, Centrica, Hanson, Shire, WPP and Rentokil are among the other major UK businesses scheduled to report this week.