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.
However, high-ranking temperatures near Alex are abnormally cool
for the latitude, which means that instability – driven by the
contrast in between cozy, damp reduced degrees and also cool, drier upper degrees –
is more than it would certainly otherwise be.
That instability permitted electrical storms and also showers to blossom and also settle, enhancing
the warm core that makes Alex a hurricane instead of a
subtropical or extratropical tornado.
I am regular reader, how are you everybody? This paragraph
posted at this website is in fact pleasant.
Studies of nursing and assisted living centers conducted after storms Katrina as well as Rita indicated death
was greater for sickly senior in establishments that left ahead of a storm as as compared to establishments that protected in place (Dosa, Grossman, Wede & Mor, 2007).
Wow, marvelous weblog structure! How long have you been running a blog for?
you make running a blog look easy. The full
look of your web site is great, let alone the content material!
Good article! We are linking to this particularly great content on our website.
Keep up the great writing.
Very great post. I just stumbled upon your blog
and wanted to mention that I’ve really loved browsing your weblog posts.
After all I will be subscribing on your rss feed and I’m hoping
you write again very soon!
Storm Ike, an additional solid Classification 2 cyclone, created significant sections of the production, handling, as well as pipe facilities along the Gulf Shore in East Texas as well as Louisiana to shut down.
Do not hang around until a cyclone is birthing down making
these important decisions.
Eugene Stoner made the AR-7 survival rifle while working for
ArmaLite Manufacturing has passed from company to company since 1959 and continues today at Henry
Repeating Arms.
I just like the valuable information you supply in your articles.
I will bookmark your blog and take a look at once
more right here frequently. I’m reasonably sure I’ll learn a lot of new stuff proper
right here! Best of luck for the following!
Pretty! This has been an incredibly wonderful article.
Thank you for supplying this information.
Around small children, make the typhoon preparation/evacuation into an unforeseen trip
or adventure.
Thanks on your marvelous posting! I actually enjoyed
reading it, you could be a great author. I will always bookmark your blog and
will often come back someday. I want to encourage continue your great writing, have a nice weekend!
Hurricane victims remain to recuperate from Typhoon Sandy,
makinged landfall along the New Jacket shore, and also left parts of the state and also the surrounding location swamped as well as without
power.
Survival skills are usually basic ideas as well as capabilities that ancients invented and utilized
themselves for countless years.
These are actually great ideas in regarding blogging.
You have touched some nice things here. Any way keep up wrinting.
The Response/Recovery web page showcases a link to OSHA’s Storm eMatrix, which includes information on threat
direct exposures as well as run the risk of evaluations for typhoon response and recovery work.
Hi there are using WordPress for your site platform?
I’m new to the blog world but I’m trying to get started and create my own. Do you require any html coding expertise to make your
own blog? Any help would be greatly appreciated!
Very nice post. I just stumbled upon your blog and wished to say that I have truly
enjoyed browsing your blog posts. In any case I will be subscribing to your feed
and I hope you write again very soon!
I don’t even understand how I stopped up here, however I believed this put up used to be
good. I do not realize who you are however certainly you’re
going to a well-known blogger in case you are not already.
Cheers!