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.
Wonderful article! That is the type of information that
are meant to be shared around the net. Shame on the seek engines
for now not positioning this publish higher! Come on over and seek advice from my web site
. Thanks =)
Although did you know that will proven fact that these types of treatments aren’t meant to treatment
genital herpes virus virus illness. These kinds of
medicines can easily merely supress this signs and symptoms connected with herpes an infection although not cure.
If you have already been using most of these remedies for a
long period after that you should quit this specific immediately.
Chances are you’ll practical knowledge several critical
negative effects regarding making use of these kinds of medications for a long period.
Laser hair treatment could be additionally look
at to treat herpes illness but will you think that laser facial treatment likewise not able to treat herpes virus once and for all.
Nevertheless I’ve got a superb announcement for the herpes simplex virus affected individual who wish to lose hsv simplex virus illness for good.
Currently it’s possible to treat herpes simplex virus illness for great as a result
of healthy herpes virus treat. This sort of herpes treatment will probably genuinely help all people who wish to treatment herpes
virus illness. The very best section of this kind of therapy will
be until this is completely depending on healthy hsv
simplex virus remedy therefore you can find simply no probability of getting the
unwanted effects. There are several pure effective stuffs accessible to cure herpes illness.
Let me speak about about people highly effective natural goods which often will help you treat herpes
infection.
Gingko Biloba has been used by the Chinese for centuries
to treat various ailments and is now thought to be an effective natural treatment for tinnitus.
For more information, just visit Tinnitus Cure Revealed dot Info.
Tinnitus miracle serves as a manual that will educate you on how to cure your tinnitus
for good.
The actually credible ones who are knowledgeable in reading your power and also offering you support on your
lovemaking, career and other life objectives typically upload loads
of reviews from clients.
Oranum is one of the very best psychic sites in regards to price, while supplying
one of the most diverse tarot online complimentary readings.
I’m gone to say to my little brother, that he should also pay a quick visit this blog on regular basis to get updated from most recent
reports.
At this moment I am going away to do my breakfast,
once having my breakfast coming over again to
read more news.
This website was… how do you say it? Relevant!!
Finally I’ve found something that helped me. Thank
you!
Please let me know if you’re looking for a writer for your weblog.
You have some really great articles and I feel I would be
a good asset. If you ever want to take some of the load off, I’d really like to write some articles for your blog in exchange for a link back to mine.
Please shoot me an e-mail if interested. Thanks!
The essential is that unlike past treatments, the
tinnitus is not being masked and not being hidden. Practicing yoga exercises or any other meditation techniques
helps to a great extend in reducing stress and tension. Patients should implement for it
and it truly is proposed that they already be below the consideration of a physician, however the grant is
for $1500.