Japan's Yen, Taiwan Dollar, Korean Won: Asia Currency Preview

By Aaron Pan

Aug. 6 (Bloomberg) -- The following events and economic reports may influence trading in Asian currencies today.

Exchange rates are from the previous session.

Japanese yen: The Cabinet Office will publish at 2 p.m. the government's coincident index, a composite of 11 statistics including factory output and the ratio of jobs to applicants, for June.

The yen was at 107.85 a dollar at 7:04 a.m. in New York.

Taiwan dollar: Consumer prices rose 5.92 percent in July from a year earlier, the biggest gain since September 1994, a government report showed yesterday after trading hours. Prices increased 4.97 percent in June.

The Taiwan dollar was at NT$30.721.

South Korean won: Retail sales data for June are due today. The National Statistics Office had reported a 10.2 percent increase in May sales from a year earlier.

The Bank of Korea will decide on interest rates tomorrow. Policy makers left borrowing costs unchanged at a seven-year high of 5 percent in July.

The won was at 1,017.90.

Singapore dollar: The Monetary Authority of Singapore will detail July foreign-exchange reserves tomorrow. The MAS reported having $176.65 billion in reserves in June.

The Singapore dollar traded at S$1.3784.

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