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.
Hi there, I enjoy reading all of your article. I wanted to write a little comment to support you.
I know this web site presents quality based posts and additional stuff, is there
any other web page which provides such data in quality?
Waste management in our cities continues to be a dilemma due to our littering habits and inadequate waste management systems.
Pretty! This has been an extremely wonderful article. Many thanks for
providing this info.
Technological advances continued throughout the very first half of the 20th century, like the improvement of garbage grinders,
compaction trucks, and pneumatic collection systems.
Your means of explaining all in this article is genuinely good, all be
capable of easily be aware of it, Thanks a lot.
When there is nonstop noise in your ears, normal functions of life become
burdens. Natural remedies seek to address the root cause of your tinnitus.
Tinnitus maskers do not treat the condition except to drown out the ringing so that that a sufferer can function without being consumed by the noise.
For most recent news you have to pay a quick visit internet and
on world-wide-web I found this website as a best web page for latest updates.
We intend to discuss about fibroids in the following paragraphs and if you will be looking over
this article then you will know every one of the factor
of this disease. A high level00 woman in that case this article is exclusively made for you.
You are going to understand about the natural fibroids treatment.
Exactly what the significant signs and symptoms of fibroids?
The main triggers of fibroids and just how an individual deal better with fibroids?
Fibroids as we find out only develop by the woman through the productive years.
Fibroids is known as a benign tumor which occurs in or perhaps around the
wall of uterus (Womb). This can be a kind of non-cancerous tumour which will usually doesn’t cause any kind of signs and
symptoms. This is certainly an exceptionally common tumor around the globe as more than 170
million persons enduring from this. There are plenty of girl suffering from fibroids do not know that
they include fibroids. It is not necessary for virtually any varieties of treatment in the event you are not felling any symptoms because this
kind of tumour automatically shrink simply by the passing time.
Nevertheless for the precaution you may make the natural fibroids treatment
because there are not any chance of receiving the aspect effects.
If we speak about the complexities that may lead the fibroids, we discover
that the actual reasons for fibroids are still
in the dark and no person knows the actual triggers of fibroids.
However, we could name some reasons that may
bring about cause the fibroids. Some sources believe fibroids run in families which
means if you are enduring from fibroids the possibilities
are you may inherit the fibroids in your daughter. A few sources claim that overweight may be
the reason of fibroids.
Your style is unique in comparison to other people I’ve read stuff
from. Many thanks for posting when you’ve got
the opportunity, Guess I will just book mark this web site.