FXstreet.com (Barcelona) - Asian markets are going through declines with financial shares leading losses with investors confidence damaged on concerns deflation threats to Japanese economy. Euro and Pound have eased giving away partly Monday's gains.
Japanese Nikkei Index went 0.5% down after being closed on Monday, while South Korean Kospi Index dropped 0.9% and Australian S&P Index went 0.2% down. In China, Shangai Composite Index has gone 0.3% up.
Japanese Consumer Price Index figures, due later this week, have been forecasted in a Dow Jones Newswires poll of economists, to have declined 2.2% year on year in October, after a 2.3% decline in September. Insurers and financial stocks have traded lower on the session, while miners and resources have added on high commodity prices.
Euro and Pound ease from Monday's highs
EUR/USD bounce from Friday's low at 1.4810 reached on Monday 1.5000 key resistance area, and the Euro has pulled down during U.S. and Asian sessions to levels around 1.4920 at the moment of writing.
GBP/USD rose on Monday from 1.6470 session low to 1.6650 high on early U.S. session and the pair eased afterwards, to reach levels around 1.6550 at the time of writing.
USD/JPY continues trading in a range from 88.60/65 to 89.00. The pair rose from 88.55 low on Monday to peak at 89.19 and pull down to 88.68 low at the moment of writing, reaching support area.