Yen, Indonesian Rupiah, Taiwan Dollar: Asia Currency Preview

By Bob Chen

Oct. 6 (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 start a two-day monetary policy meeting today. It will keep the benchmark overnight lending rate unchanged at 0.5 percent when the meeting's outcome is announced tomorrow, according to a Bloomberg News survey of economists.

The yen traded at 104.73 per dollar at 8:25 a.m. in Tokyo.

Indonesian rupiah: The Central Statistics Bureau will report inflation for September at 2 p.m. in Jakarta. Consumer prices rose 11.96 percent from a year earlier last month after climbing 11.85 percent in August, according to the median estimate in a Bloomberg survey of economists.

The Central Statistics Bureau will also report Indonesia's August trade figures at 2 p.m. Exports grew 32 percent from a year earlier, after climbing 25 percent in July, a separate Bloomberg survey showed.

The central bank will report foreign-currency reserves for the end of 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 9,430.

Taiwan dollar: The statistics bureau will report inflation for September at 4 p.m. in Taipei. Consumer prices rose 4.1 percent from a year earlier, according to the median estimate in a Bloomberg survey of economists. Inflation slowed to 4.78 percent in August from a 14-year high of 5.91 percent the previous month.

The Taiwan dollar traded at NT$32.187.

Philippine peso: The central bank will keep the benchmark interest rate unchanged at 6 percent today after raising it three times since early June, according to a Bloomberg survey.

The central bank will report preliminary foreign-exchange reserves for September tomorrow. Reserves declined to $36.74 billion in August from a record high of $36.90 billion the previous month.

The Philippine peso traded at 47.04.

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