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.
You can definitely see your expertise within the work you write.
The world hopes for more passionate writers like you who are not afraid to say how they believe.
At all times follow your heart.
Very shortly this web page will be famous amid all blogging visitors,
due to it’s fastidious posts
Fantastic website. Lots of useful information here.
I’m sending it to several friends ans also sharing in delicious.
And naturally, thank you on your sweat!
I really love your site.. Very nice colors & theme.
Did you build this web site yourself? Please reply back
as I’m hoping to create my own personal site and want
to find out where you got this from or just what the theme
is called. Thanks!
I know this if off topic but I’m looking into starting my own blog and was wondering
what all is required to get setup? I’m assuming having a blog like yours
would cost a pretty penny? I’m not very web
smart so I’m not 100% sure. Any recommendations or advice would be greatly appreciated.
Appreciate it
It is not my first time to visit this web site, i
am browsing this site dailly and get pleasant facts from here daily.
Magnificent items from you, man. I’ve keep in mind your stuff prior
to and you’re just extremely magnificent. I actually like what you have obtained right here, certainly like what you are saying and the best way wherein you say it.
You make it enjoyable and you continue to take care of
to keep it wise. I can not wait to learn much more from you.
That is actually a great site.
Hi, I do believe this is an excellent blog. I stumbledupon it
😉 I may return once again since I bookmarked it.
Money and freedom is the greatest way to change, may you be rich and continue to guide others.
Very good blog you have here but I was wondering if you knew of any message boards that cover the same topics talked about in this article?
I’d really love to be a part of group where I can get
suggestions from other experienced individuals that share the same interest.
If you have any recommendations, please let me know. Kudos!
The essential is that unlike past treatments, the tinnitus is not being masked and not being hidden. When the mucus is not drained,
it accumulates and brings pressure to your middle ear, preventing you
from hearing properly and sometimes producing sounds that aren’t really there.
For many of these people, their tinnitus will only last for a short time period, whereas many others
will have it for their remaining lives.