Wednesday in Asia, the yen rose to near a 2-week high against the U.S. dollar and it recouped early losses against other major currencies on risk aversion amid growing concerns about the political turmoil in Libya and surging crude oil prices.
Latest reports say that embattled Libyan leader Moammar Gadhafi rejected calls for his resignation in a defiant speech on state television. Gadhafi, who has been in power in Libya for over 40 years, has seen his stranglehold over the North African nation wane in the wake of massive protests that have overwhelmed the country over the last couple of days.
Most Asian stocks declined. Japan’s Nikkei 225 index is currently down by 87.94 points or 0.8% at 10,576.11.
In economic news, Japan posted a merchandise trade deficit of 471.4 billion yen in January, the Ministry of Finance said today. That came as a shock to analysts, who had been expecting a surplus of 49.3 billion yen following the downwardly revised surplus of 725.9 billion yen in December.
Meanwhile, an index measuring corporate service prices in Japan was down 1.1 percent on year in January, the Bank of Japan said, standing at 96.1. That was slightly better than forecasts for a 1.3 percent annual contraction. Prices were down 0.3 percent on month following a 0.2 percent decline in December.
The yen is currently trading near a 2-week high of 82.55 against the US dollar with 82.0 seen as the next upside target level. At yesterday’s close, the dollar-yen pair was quoted at 82.82.
The yen is now worth 113.10 against the euro, 88.10 against the franc and 133.57 against the pound, compared to early Asian session lows of 113.61, 88.44 and 134.16, respectively. The yen closed yesterday’s trading at 113.07 against the euro, 133.67 against the pound and 88.25 against the franc.
The yen slipped to 83.16 against the Aussie before bouncing back in early Wednesday Asian deals at 8:00 pm ET. As of now, the yen is trading near yesterday’s close of 82.75.
The yen that fell to 83.86 against the Canadian dollar at 8 pm ET rebounded thereafter. Currently, the loonie-yen pair is worth 83.50, compared to yesterday’s close of 83.60.
At present, the yen is worth 61.75 against the NZ dollar, compared to an early Asian session low of 62.27. The kiwi-yen pair closed yesterday’s trading at 61.85.
Looking ahead, France CPI and Swiss producer and import price index – both for January, Bank of England’s minutes for February meeting and the Eurozone industrial new orders for December are expected in the upcoming European session.
The U.S. existing home sales for January is due in the New York morning.
My man tried most of those video games with me as a result of he is all the time carried out this with girls.
First off I want to say awesome blog! I had a
quick question which I’d like to ask if you do not mind.
I was curious to know how you center yourself and clear your head before writing.
I have had trouble clearing my mind in getting my ideas out there.
I truly do take pleasure in writing however it just seems like the first
10 to 15 minutes are wasted just trying to figure out how
to begin. Any suggestions or hints? Thanks!
Among the significant factors that Google
utilizes in order to place internet sites is material quality.
In addition to reading this article, a person new to selling should read other sales materials and attend sales training and seminars. Meanwhile, if you are looking for fix it tips, you will find they are in abundance on the Net too. Sometimes builders leave the basement of the when you need to expand the areas to meet your family demand, you don’t know what to do.
Every weekend i used to pay a visit this web page, for the reason that i wish for enjoyment,
for the reason that this this website conations in fact nice
funny information too.
It’s difficult to find well-informed people in this particular subject, but
you seem like you know what you’re talking about!
Thanks
With Enviro-Septic Technology, services as well as people not need to rely on septic system systems that run the risk of the health and safety
of our individuals as well as environment.
Revitive and Homedics are actually the most advised items
on the market place yet there are a variety of
various other labels that cost to consider..
However, the MedMassager shoe device is actually a different kind
and premium of massager as well as its own rotaing attributes
does have the tendency to produce neuropathies think a lot better in addition to usuallying reduce the amount
from puffinessing (edema) in your lesser extremities and also shoes.
Sufficient little non-biodegradable fibers enter your septic tank each year to carpeting
your living room.