Japanese Yen, Korean Won, Indian Rupee: Asia Currency Preview

By Bob Chen

Sept. 30 (Bloomberg) -- The following events and economic reports may influence trading in Asian currencies today.

Exchange rates are from the previous session.

Japanese yen: The government will release monthly unemployment and household spending data at 8:30 a.m. and industrial production data at 8:50 a.m. in Tokyo.

Finance Minister Shoichi Nakagawa, Economic and Fiscal Policy Minister Kaoru Yosano and Chief Cabinet Secretary Takeo Kawamura will hold briefings after a cabinet meeting this morning in Tokyo. Kawamura will hold a second briefing at 4 p.m. local time

The yen traded at 104.09 at 6:25 a.m. in Tokyo.

South Korean won: The Bank of Korea will report its current-account balance at 8 a.m. in Seoul. South Korea posted a current-account deficit of $2.45 billion in July, the largest in six months, following a surplus of $1.82 billion in June.

The won was at 1,188.80.

Thai baht: The Bank of Thailand will report figures for exports, imports and the total trade and current-account balances for August at 2:30 p.m. in Bangkok. The trade balance showed a deficit of $762 million in July, after a surplus of $926 million the previous month. The current-account deficit widened to $750 million in August from $555 million the previous month, economists forecast in a Bloomberg News survey.

The baht was at 34.04.

Indian rupee: The Reserve Bank of India will report the second-quarter current-account balance at 3 p.m. in Mumbai. The deficit widened to $11.45 billion, from $1.04 billion in the first quarter, according to a Bloomberg survey.

The rupee was at 46.985.

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