FXstreet.com (Barcelona) - Asian markets are mixed on Wednesday weighed by gloomy corporate data in Japan and China, The Dollar eased against the Yen, edged up against Euro and Pound.
Stock markets seem hesitant on Wednesday on the back of macroeconomic signs of decline in the area's strongest economies, Chinese manufacturing output continues declining, while in Japan the index of confidence on main manufacturers has dived to an all-time low.
Japanese Nikkei index has risen 1.8% and South Korean Kospi Index added 1.6%, gains driven by automakers such as Hyundai in Korea and Toyota in Japan. Korean Kospi Index, meanwhile, has dropped 1%.
Euro and Pound, down; Yen, up against Dollar
USD/JPY rose Yesterday to a new 4-weeks high, from 98.20 low in early U.S. session, the Dollar rose to a maximum level at 99.50, shortly below the 99.70 Mar 5 high, and fell afterwards to levels above 98.40.
EUR/USD has dropped to levels below 1.3200, after rejection from 1.3340 resistance level on yesterday's U.S. session; at the moment the Euro trades downward several points above 1.3170 level.
Similar behaviour can be said about the GBP/USD; the Pound, after been rejected by 1.4360 yesterday, has given away about 90 pips dropping to levels above 1.4265; 27 Mar low.