FXstreet.com (Barcelona) - Asian markets are mixed a cautious session on Wednesday with investors seeking bargains after two days of declines. Euro and Pound have bounced up although they remain within the last days range.

Japanese Nikkei Index remains practically unchanged, while Australian S&P Index advances 0.3%, South Korean Kospi Index edges down 0.2%, and Hong Kong's Hang Seng Index dips 0.2%.

Traders remain cautious with an eye on Chinese markets which declined sharply on Monday on the back of a call from the country's bank regulator to lenders asking them to comply with capital requirements or face sanctions.

Euro and Pound back to range tops

EUR/USD decline from 1.5000 high on Monday found support at 1.4880 low on Tuesday, and Euro rebound extended during Asian session from lows around 1.4955 to test 1.5000 at the moment of writing.

GBP/USD decline from Monday's high at 1.6650 found support on Tuesday at 1.6495, and the Pound bounced up to advance during Asian session from levels around 1.6580 back to test Monday's high at 1.6650 at the moment of writing.

USD/JPY decline from Monday's high at 89.20 extended during Tuesday's U.S. session to levels below 88.55/60 support and the pair's attempt to tre-gain 88.55/60 during Asian session failed. At the moment of writing the Dollar moves between 88.20 and 88.40.