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.
Our astrology online cares are very comprehensive and associate with a substantial variety of locations and techniques that we really hope
some people will certainly take advantage of in order to
help them with their lives.
This time let the psychics of Free Psychic Inquiry remind you of your
personal tools aiding you reply to life difficulties, firstly.
So if you are on the lookout for some extra assist along with your PPC
promoting, Facebook’s demographic targeting may
be just the factor for you.
Being a sector leader in exterior clothing and also products takes enthusiasm, as well
as an understanding of people who love the outdoors as high as we do.
That’s why, from cutting side innovation, to our ingenious heritage in Bugaboo, our coats,
pants, fleece, boots, and footwears are all checked tough so you could enjoy the outdoors longer.
Good day very nice site!! Man .. Beautiful .. Amazing ..
I’ll bookmark your website and take the feeds also?
I am glad to search out a lot of helpful info here in the publish, we need develop more strategies on this regard, thanks for sharing.
. . . . .
Mr. Schremp will certainly work with Rovi’s Executive
Management Team to drive the business as well as create’s worldwide advertising vision.
The next step for working success multiple streams
of affiliate marketing revenue is to write down quality relevancy content with these excessive
performance key phrases. You need to build your personal original related to your market based on these high efficiency
key phrases. The highest recommendation is to focus on your
reader’s thoughts and the proper of writing.
Can you move up?
Hi there excellent website! Does running a blog like this take a lot of work?
I’ve virtually no expertise in coding but I was hoping to start my own blog in the near future.
Anyhow, should you have any suggestions or techniques for new blog owners please share.
I understand this is off topic however I just had to ask. Thanks a lot!
I am sure this article has touched all the internet visitors, its really really pleasant article on building up new
web site.