Yen, South Korean Won, Malaysian Ringgit: Asia Currency Preview

By Aaron Pan

July 10 (Bloomberg) -- The following events and economic reports may influence trading in Asian currencies today.

Exchange rates are from the previous session.

Japanese yen: The Bank of Japan will release the nation's Corporate Goods Price Index for June at 8:50 a.m. The Ministry of Finance will release the current-account balance for May and weekly portfolio flows data at the same time.

Chief Cabinet Secretary Nobutaka Machimura will hold briefings at 11 a.m. and 4 p.m. in Tokyo. Vice Finance Minister Kazuyuki Sugimoto will talk to reporters at 5 p.m.

The yen was at 107.52 a dollar as of 7:47 a.m. in New York.

South Korean won: Bank of Korea policy makers will meet today to decide on interest rates. The central bank will leave borrowing costs unchanged at 5 percent, according to 19 of the 21 economists surveyed by Bloomberg News. Two predict an increase to 5.25 percent.

The won closed at 1,004.90.

Malaysian ringgit: Industrial production expanded 3.5 percent in May from a year earlier, economists said in a survey before a statistics department report tomorrow. Factory output rose 4.3 percent in April.

The ringgit was at 3.2440.

Philippine peso: Annualized export growth in May slowed to 4.5 percent from 4.9 percent in April, economists said before a government report today.

The peso was at 45.545.

Indian rupee: Industrial production expanded 6.5 percent in May from a year earlier, economists said in a survey before a government report tomorrow. Output rose 7 percent in April.

The rupee was at 43.135.

To contact the reporter on this story: Aaron Pan in Hong Kong at apan8@bloomberg.net.