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

By Bob Chen

Sept. 9 (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. Machimura will hold a second briefing at 4 p.m.

The yen was at 108.65 a dollar at 8:32 a.m. in New York.

South Korean won: The central bank will report wholesale prices data for August at noon. Prices paid to producers rose 12.5 percent in July, the biggest increase in a decade.

The won was at 1,081.40.

Taiwan dollar: Exports in August grew 18.4 percent from a year earlier, quickening from an 8 percent pace in July, the Ministry of Finance reported yesterday after local markets closed. A Bloomberg News survey of economists had predicted a 6.5 percent growth.

The island's dollar was at NT$31.799.

Indonesian rupiah: The central bank may report as early as today the nation's consumer confidence index for August. The gauge rose to 82.1 in July from an almost three-year low of June's 79.1. A reading below 100 indicates pessimists outnumber optimists.

The rupiah was at 9,303.

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