Yen, Taiwan's Dollar, Philippine Peso: Asia Currency Preview

By Bob Chen

Aug. 26 (Bloomberg) -- The following events and economic reports may influence trading in Asian currencies today.

Exchange rates are from the previous session.

Japanese yen: Finance Minister Bunmei Ibuki, Economic and Fiscal Policy Minister Kaoru Yosano and Chief Cabinet Secretary Nobutaka Machimura will hold briefings after a cabinet meeting this morning in Tokyo.

The Bank of Japan will release the corporate-service price index for July at 8:50 a.m.

The yen was at 109.72 a dollar at 8:36 a.m. in New York.

Taiwan dollar: Export orders, an indicator of actual shipments over the next one to three months, rose 5.52 percent in July from a year earlier, the slowest pace in five years, a government report showed yesterday. Industrial production grew 1.1 percent, the least since March 2007, when the island's factory output shrank 0.4 percent.

The island's dollar was at NT$31.43.

Singapore's dollar: Factory output shrank 15.1 percent in July from a year earlier, after a 2.5 gain in June, economists in a Bloomberg News survey said before the government reports the data at 1 p.m. local time.

The Singapore dollar was at S$1.4171.

Philippine peso: The National Statistics Office will report imports and trade balance data for June at 9 a.m. local time. Markets were closed yesterday for a public holiday.

The peso was at 45.65 on Aug. 22.

To contact the reporter on this story: Bob Chen in Hong Kong at bchen45@bloomberg.net.