FXstreet.com (Barcelona) - Asian markets are going through gains on Monday, following news of Japanese economic growth and wall Street's recent rally. Euro and Pound continue appreciating from last week's lows.
Japanese Nikkei Index has edged up 0.13%, while Hong Kong's Hang Seng Index rose 1.5% and South Korean Kospi Index added 0.2%. Markets in Indonesia, New Zealand and Taiwan have also gone up.
Markets have been cheered up by Japanese GDP, which rose 4.8% in the third quarter, its second consecutive advance, and the largest since 2007, although market optimism has been trimmed about doubts about the real potential of Japanese economy without the massive government stimulus.
Euro and Pound's recovery continues
EUR/USD recovery from 1.4825 low on Friday, has extended during Asian session, with the Euro rallying from 1.4920 to levels around 1.4975 at the moment of writing; 0.35% above the day opening price.
GBP/USD rebound from 1.6515 low on November 12 has extended to levels above 1.6700, and the Euro has remained trading in a range from 1.6685 to 1.6735 during today´s Asian session, with the Sterling testing session high at 1.6735 at the moment of writing.
USD/JPY has consolidated at levels below 90.00. After dropping from 90.60 hogh on November 12, the pair has opened a consolidation phase , and remains moving in an area from 89.40 to 89.70.