Data on Friday showing solid growth in U.S. employment suggested the world's largest economy was strengthening and in less need of further monetary stimulus from the Fed, which holds its policy meeting on Tuesday.
Economic conditions elsewhere were less rosy or clear-cut.
China's trade balance data over the weekend showed the largest deficit in at least a decade, following recent reports that inflation cooled in February while retail sales and industrial output fell below forecast.
"Aside from healthy demand for industrial metals, assessment of recent Chinese data is mixed, and more figures are needed to clarify the uncertainty," Niimura said.
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