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.
Have you ever thought about writing an ebook or guest authoring on other
websites? I have a blog based on the same information you discuss and would love to
have you share some stories/information. I know my readers would enjoy your
work. If you’re even remotely interested, feel free to send me an email.
Notably, when Rhine himself firmed up managements,
the smash hits fell and when distressed he loosened all of them,
the purported spiritual capacity returned.
Our San Diego Psychics comprehensive fate and re-negotiates your arrangements to create or
even enhance your most important relationships.Whether you are functioning
to restore your existing partnership, seeking a new one or even discharging the ache
of a relatonship that has actually ended, Our San Diego Psychics possess has the devices to assist generate a condition which
performs every person involved as well as vibrates to
the best possible good for all.
Pretty nice post. I just stumbled upon your blog and wished to say that I’ve really enjoyed browsing your blog posts.
In any case I’ll be subscribing to your feed and I hope you
write again soon!
Likewise, you could set aside a box for electrical projects, and it could contain tools and items needed to accomplish electrical work. An over-sized breakfast bar that includes chairs can be purchased for less than 1,000 dollars. These expenses may be deducted the year they are paid, or they may be deducted at a certain point in the future.
The best time to perform the tilling is in spring before you plant new seeds. However, these steps should not be isolated from each other. Therefore, finding home improvement catalogs that are worthwhile is often something that you want to think about before you begin to do your projects.
To keep your roof in top shape, regularly trim back your trees. When it is time to make serious improvements to your home, engage the services of a competent general contractor. Thereare lot may people who are desperately interested in getting the attractive,affordable and durable patio furniture then they have to go for the eucalyptuspatio furniture – a new trend is going on in patio furniture these days becauseof its qualities and other more.
What’s up everybody, here every person is sharing these knowledge, therefore it’s nice to read this weblog, and I used to pay a quick visit this webpage all the time.
Good info. Lucky me I ran across your website by accident
(stumbleupon). I have book-marked it for later!
I’ve been exploring for a little for any high quality articles or weblog posts in this kind of house . Exploring in Yahoo I eventually stumbled upon this site. Studying this info So i am happy to exhibit that I’ve an incredibly good uncanny feeling I discovered just what I needed. I so much certainly will make sure to don?t forget this website and provides it a glance on a constant basis.