FXstreet.com (Barcelona) - Asian markets have been mixed on Friday, as caution dominates after the Fed latest plan to revitalize economy was released. Major currencies have opened a consolidation move after yesterday's spectacular rally against the Dollar.

Investors continue acting with extreme caution after the U.S. Fed released its commitment to buy $1.2 trillion worth of government bonds and debt securities, as they fear it might cause a considerable boost to inflation on the long term.

Tokyo Nikkei Index has been closed for holiday, but Hong Kong's Hang Seng Index fell 1.6%, while Australia's mS&P/ASX 200 stock index edged 0.4% down. South Korea's Kospi Index went 0.8% up.

Pound Yen and Euro consolidate after yesterday's rally

Euro Pound and Yen seem to have taken a break after yesterday's rally and have opened a consolidation move at high levels. USD/JPY has reached a new 4-weeks low dropping to 93.55, and has risen towards 94.64 (Jan 6 High).

EUR/USD has reached a new two-months high at 1.3740, to ease towards 1.3615 afterwards, during today's Asian session, the Euro has moved within the mentioned range, volatility has declined drastically.

GBP/USD has reached 1.4597 for the first time since Feb 25, and has setback towards 1.4430 afterwards.