FXstreet.com (Barcelona) - Asian markets have edged higher on Wednesday in spite of an an unexpe4cted decline in U.S. consumer confidence, and Australian retail sales beating forecasts. Euro and Pound have picked up from week lows.
Tokyo Nikkei Index edges down 0.1% after having been fluctuating at low levels between positive and negative territory for the whole session. Chinese Shangai Composite index rose 0.7%,while Hong Kong's Hang Seng Index dropped 0.6% and Taiwan's Taiex Index rose 0.8%.
Technology companies were leading gains, buoyed by Micron's report saying that its fourth-quarter loss narrowed to $88 million, from $348 million one year ago.
Euro and Pound pick up
EUR/USD bounced on Tuesday from intra-week low at 1.4525, and the pair reaches session high at 1.4635, approaching Tuesday's high at 1.4650. At the moment, the Euro trades 0.35% above its day-opening level.
GBP/USD rebound at Monday's low 1.5770 has extended on Wednesday to levels above 1.6000, as the Pound trades art 1.6050 at the moment of writing; 0.55% above its day opening level.
USD/JPY has been rejected at 90.35 resistance area during Asian session, and the pair has retreated to 89.50. At the moment, the Dollar attempts to return to the upside, trading at 89.75.