FXstreet.com (Barcelona) - Asian markets are going through losses on Friday on a cautious with investors' focusing on U.S. non- Farm payrolls report to assess the strength of recovery in the world's biggest economy. Euro and Pound eased from Thursday's highs.
Tokyo Nikkei Index edged up 0.2% after remaining fluctuating between positive and negative territory during the whole session. Hong Kong's Hang Seng Index dropped 1.4%, while Australian S&P Index fell 1.5% and Singapore dipped 0.5%. South Korean Kospi Index went 0.5% up.
Investor's have been reluctant about risking their cash on equities and commodities ahead of key non-farm payrolls report later today, which will determine whether U.S. economic recovery seen in most sectors, translates into job creation, as U.S. labour market has been, so far, lagging behind, with employment indicators posting sluggish records.
Euro and Pound ease from Thursday's highs
EUR/USD continues trading at a short distance below year to date high at 1.5145, as Euro rejection on Thursday from 1.5140 has reached session low at 1.5035, to bounce up to levels around 1.5070 at the moment of writing.
GBP/USD rejection from 1.6720 high on Thursday has found support at 1.6515 on early Asian session, and the pair picked up to levels around 1.6580 at the moment of writing.
USD/JPY recovery from 84.80 low on Friday has extended on Thursday above 88.00 ti reach a one week high at 88.50, and the pair has remained consolidating during Monday's Asian session in a range from 88.00 to 88.45.