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.
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この間学校のアキラ先輩が言ってたけど、お金が必要な時にキャッシングしてるうちに段々審査が厳しくなって1枚のカードだけじゃ思ってた金額に足りなくなるらしい。
そんなことをギター侍（新型）と話していたら、そんな時にはアマゾンギフト券だぞって教えてくれた。
なんでアマゾン？と思ったんだけどアマゾンギフト券をだいたい92%ぐらいで買取ってくれるところがあるらしい。つまりキャッシングしても金利取られるから、コンビニとかで売ってるギフト券を買取ってもらうとちょっと損するけど、金利だと思えば実は損しないんだって。
なんだか奥が深くて東京に来たばっかりの自分にはよくわからなかったけど、アキラ先輩もまだまだってことだよね。
しかし、アマゾンといえば絵空事ばっかの会社だと思ってたけど、今じゃいろいろサービス増えて日本のネット企業も大変だよな。これはアキラ先輩に教えてもらわなくてもわかる話し。
コロプラとかMIXIとかはエリート気取りの外資系に負けないで頑張って欲しいな。