FX.co ★ Singapore NODX Data Due On Friday

New economic data is set to be released this Friday from Singapore, Japan, Malaysia, and South Korea, putting a focus on Asia-Pacific's economic activities.

Singapore's January report for non-oil domestic exports (NODX) is expected. It follows December's figures, which showed a 2.8 percent month-on-month decrease and a 1.5 percent year-on-year decrease, culminating in a trade surplus of SGD7.778 billion.

In Japan, the tertiary industry activity index results for December are to be announced. Current indications suggest a potential reading of 0.20, showing an improvement from the -0.80 in November.

Meanwhile, Malaysia is set to release quarter four (Q4) figures for its gross domestic product (GDP) and current account. The GDP is forecasted to have risen to a 3.4 percent yearly expansion from the previous three months' 3.3 percent. The country's current account showed a surplus of MYR9.10 billion in Q3.

South Korea's economic data for January is slated to be released as well, focusing on imports, exports, and the trade balance. In December, imports decreased by 7.8 percent year-on-year, while exports surged by 18.0 percent, bringing about a trade surplus of $0.30 billion.

Lastly, it is noted that markets in China are currently closed due to the Lunar New Year holiday.