Asian markets down on thinned trade; Dollar moves in tight range

By @ibtimes on

FXstreet.com (Barcelona) - With several markets closed for bank holiday, most Asian markets have posted losses on session with low volumes of trade. Euro and Pound are consolidating after yesterday's declines, and so does the Yen.

Japanese Nikkei Index has increased 0.7% as Japanese exporters benefit by recent Yen weakness. Australia S&P/ASX 200 has edged down 0.3% and New Zealand's NZX 50 lost0.6%. Markets in Hong Kong, China and India have been closed.

One of the favoured firms today was Canon, whose operating profit forecast for the year has been raised by 12.5%.

Dollar, rangebound in thin markets

EUR/USD has moved on a tight range from 1.3220 to 1.3260 after yesterday's decline from 1.3385 high. At the moment the Euro trades at the upper side of the range, around 1.3260.

GBP/USD reached yesterday a fresh two-week high at 1.4950 although a sudden corrective move took the Pound down to 1.4700. During today's Asian session, the Pound has moved from 1.47645 to 1.4800.

USD/JPY rallied yesterday from 97.15 reaching a peak at 99.15 on today's Asian session. At the moment, the Dollar moves below 99.00 resistance level.

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