Japan's Yen, Indian Rupee, Taiwan Dollar: Asia Currency Preview

By Bob Chen

Oct. 3 (Bloomberg) -- The following events and economic reports may influence trading in Asian currencies today. Markets in China, Indonesia, Pakistan, and South Korea will be closed. Exchange rates are from the previous session.

Japanese yen: 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.

The yen traded at 105.40 at 8:04 a.m. in Sydney.

Indian rupee: The commerce ministry will release inflation data for the week ended Sept. 20 at 6 p.m., spokesman Rajeev Jain said Oct. 1. India's wholesale inflation rate for that week slowed to 12.12 percent from 12.14 percent the previous week, according to a Bloomberg News survey of 18 economists.

The rupee traded at 46.63.

Taiwan dollar: The central bank will report foreign- exchange reserves for September at 4:20 p.m. Taiwan's reserves fell to $282.09 billion in August from $290.9 billion the previous month.

The Taiwan dollar traded at NT$32.16.

Thai baht: The central bank will report foreign-exchange reserves for last week at 2:30 p.m. Reserves grew to $101.5 billion in the week ended Sept. 19 from $101.4 billion the previous week.

The baht was at 34.07.

Indonesian rupiah: The central bank will report foreign- currency reserves for September as early as today. Indonesia's reserves fell to $58.36 billion in August from $60.56 billion the previous month.

The rupiah traded at 9,478.

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