FXstreet.com (Barcelona) - Asian markets are mixed on Wednesday as the past day's rally seems to have come to an end, with investors taking profits from recent gains; Euro and Pound have consolidated at high levels, while the Dollar remains in range against the Yen in a session with very low volume.
Stock markets in Asia have not followed Wall Streets rally, the fifth in six days and main indexes are mixed as concerns about the outlook of global economy are still present.
Hong Kong's Hang Seng index has added 1.5%, while Tokyo's Nikkei 225 stock average was 0.5% down on midday. Australia's S&P/ASX 200 edged up 0.1% and South Korean Kospoi Index remained flat.
Major currencies in range
EUR/USD has remained above 1.3000 during the whole session, trading from a 1.3000 low to a maximum level of 1.3070. At the moment, the Euro trades several pips below the 1.3070/95 resistance area (Feb 9 and 10 high), and, above here, the Euro would return to levels of late January.
The GBP/USD has remained moving above 1.400 in a narrow range from 1.4025 to 1.4070. The USD/JPY has edged down from a maximum level of 98.80 to right below the 98.55 resistance level.