FXstreet.com (Barcelona) - Asian markets are mixed on Monday in n a cautious session, with investors taking profits in absence of major macroeconomic indicators, while in FX markets Euro and Pound consolidate at lower levels after Friday's declines.
Japanese Nikkei Index rose 0.9%, while Australian S&P Index shed 0.8% and South Korean Kospi Index advanced 0.4%. On the negative side, Hong Kong's Hang Seng Index dropped 0.7% and Chinese Shangai Compositre Index edged 0.2% down.
In Tokio, exporter companies have lead gains as exporters such as Toyota Motor, Honda Motor and Sony have seen their perspectives improving after the recent Yen's decline, which makes their products more attractive in foreign markets.
Furthermore Friday's upbeat U.S. non-farm payrolls report has confirmed expectations of a solid recovery in the wold's biggest economy, which suggests that the end of easy monetary policies and economic stimulus might be ahead.
Euro and Pound consolidating after Friday's declines
EUR/USD has been trading in a range below 1.4900 during Asian session, consolidating after Friday's decline from levels right below 1.5100 was held at 1.4820, fresh 2-weeks low.
GBP/USD fell on Friday from 1.6675 to 1.6420 low and the Pound piked up to trade at levels roughly between 1.6460 and 1.6510 during Monday's Asian session.
USD/JPY soared on Friday on better than expected U.S. employment figures, and the Dollar extended recovery from 84.80, reaching levels at 90.78, and the pair has eased during Asian session to levels around 89.89 at the time of writing.