FXstreet.com (Barcelona) - Asian markets have been mixed on Thursday with Japanese exporter companies suffering from a Yen breaking to multi year highs. Euro and Pound are correcting lower.
Japanese Nikkei Index has dropped 0.4% and Australian S&P Index dipped another 0.4% while South Korean Kospi Index edged up 0.1% and Hang Seng Index fell 0.9%. Chinese Shangai Composite Index dropped 0.1%.
Technological and automobile stocks have weighed on the Nikkei Index, on the back of Yen strength, as the Japanese currency reached its highest level in 14 years against the Dollar. Japanese Finance Minister, Hirohisa Fujii, has declared that Japan will monitor currency markets.
Yen soars to 14-year high
USD/JPY decline from 89.20 high on Monday extended on Wednesday and has continued during Asian trading hours, with the Dollar dropping from 87.50 to 86.30 14-year low, before picking up to test previous support at 87.00 at the moment of writing.
EUR/USD rally from Nov 24 low at 1.4885 extended during Wednesday's U.S. session to a fresh 15-month high at 1.5145, and the Euro has pulled down during Asian session to 1.5070 low.
GBP/USD has traded lower during Asian session, as the pair's attempt to break above 1.6725/30 failed, and the Pound pulled down durung Asian session to test the lst two day's range floor at 1.6640 at the moment of writing.