FXstreet.com (Barcelona) - Asian markets are going through gains on Thursday supported by optimism about U.S. economic recovery, and an string of positive corporate earnings reports. Euro and Pound consolidate at high levels after recent rallies.

Japanese Nikkei Index advanced 1.6%, while Hong Kong's Hang Seng Index rose 2.1% and South Korean Kospi Index rose 1.6%. All major benchmark indexes in the area rose,, except Chinese Shangai Composite Index, which edged up 0.1%

Investor's optimism has been lifted by a set of positive earnigs reports; Chinese Yurun Food Group Ltd.jumped 4.3% after releasing a 37% increase on its second quarter profits. Furthermore, Texas Instruments, which incremented its third-quarter sales and earnings forecasts, has triggered advances in the technology sector.

Wall Street advanced on Wednesday as the U.S. Federal Reserve affirmed that the wold's largest economy has continued stabilizing during recent months, while warning about resilient weakness in retail sales as well as in the labour market dampening consumer spending.

Dollar at year lows

EUR/USD stretched higher on Wednesday and from levels around 1.4500, the Euro hit a fresh 2009 high at 1.4600 on early U.S. session to ease afterwards and bounce at 1.4535, Sept 8 high, to reach levels around 1.4580 at the moment of writing.

GBP/USD retreated on Wednesday's European session to intra-day low at 1.6455 and the Pound bounced up to test Tesday's high at 1.6590, which failed to give way. The Pound's pullback has been held by the 20hour SMS during Asian session, and the pair trades at 1.6555 at the moment of writing.

USD/JPY bounced on Tuesday at 92.00 and the Dollar rose to Wednesday's high at 92.60 to plunge afterwards breaking below July 13th low at 91.75 to hit a fresh 6-month low at 91.60 on early U.S. session. During Asian session, the Dollar has remained consolidating in a range from 91.980 to 92.25.