FXstreet.com (Barcelona) - Asian markets have declined on Thursday on the back of Bank of Japan Tankan survey and a slightly negative session in Wall Street on Wednesday. Euro remains trading within the week's range, while the Pound retreated from Wednesday's highs.
Japanese Nikkei Index has dropped 1.4% with exporter's stocks weighed by a strong Yen and a slightly negative Tankan survey. South Korean Kospi Index fell 2.2% and Singapore Straits times shed 0.7%.
Bank of Japan's Tankan survey showed, in one hand , an improvement of the sentiment among large manufacturers,m while, on the other hand big manufacturers and non-manufacturers plan to lower their capital spending by 10.8% in the fiscal year ending in March.
Euro and Pound retreat
EUR/USD has risen to 1.46775 resistance area on early Asian session, although the pair, rejected bu the mentioned level has dropped and, after breaking below 1.4600, the Euro drops fast, reaching levels around 1.4550 at the moment of writing; 0.55% below its day opening level.
GBP/USD retreat from 1.6135 intra-week high reached on Wednesday has extended below 1.6000 psychological level during early Asia session, and the pair trades at 1.5920 area at the moment of writing.
USD/JPY bounced at 89.35 on Wednesday's U.S. session, and the pair continued crawling higher during Asian trading time, reaching levels above 90.00 at the moment of writing.