Currency Alerts
11/24/2009 6:47 PM ET
(RTTNews) -
Japan is set to release October numbers for corporate service prices and merchandise imports, exports and trade balance at 6:50 pm ET.
Corporate service prices are forecast to shed 2.6 percent on year following the 3.2 percent annual contraction in September.
Merchandise imports are expected to plunge 34.1 percent on year after the 36.9 percent fall in the previous month, while exports are tipped to shed an annual 27 percent following the revised 30.6 percent contraction a month earlier. The trade balance is forecast to show a surplus of 465.5 billion yen after the revised 525.3 billion yen surplus in the previous month.
The Japanese yen edged down against its major counterparts ahead of the reports. Currently, the yen is quoted at 146.94 against the pound, 88.6 versus the US dollar, 87.82 against the Swiss franc and 132.55 versus the euro.
by RTT Staff Writer
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