Yen, Singapore Dollar, Philippine Peso: Asia Currency Preview

By Bob Chen

Sept. 17 (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 leave the overnight lending rate unchanged at 0.5 percent, economists said in a Bloomberg News survey before today's decision.

The yen was at 103.97 a dollar at 8:28 a.m. in New York.

Singapore dollar: Non-oil domestic exports fell 9.2 percent in August from a year earlier, compared with a 5.7 percent decline the previous month, economists forecast in a Bloomberg News survey before the government reports the data at 1 p.m.

The local dollar was at S$1.4308.

Philippine peso: The government will report tomorrow its fiscal performance for August. It reported a deficit of 15.4 billion pesos ($327 million) in July, the first shortfall in four months.

The peso was at 47.20.

Taiwan dollar: The central bank will report its benchmark interest rate for the fourth quarter as early as tomorrow. It raised the rate to 3.625 percent in June, the highest in more than seven years.

The island's dollar was at NT$32.07.

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