FXstreet.com (Barcelona) - Asian markets have opened the week with gains on the back of news of Japanese government buying debt from banks and commitment by G20 to activate economy. Euro and Pound Appreciated while Yen remained in range.
Japanese stocks rose almost 2% driven by financials, as the Japanese Central Bank might buy loans and bonds to bolster their capital. Moreover G20 members' promises to do whatever is necessary to reactivate global economy and restore financial stability, have increased optimism.
Japanese Nikkei Index has increased 1.8%, following a 5% increase on Friday, whole Hong Kong's Hang Seng Index rose 1%.
Euro and Pound up; Yen in range
The Euro has risen from a session low of 1.2835 to 1.2935 resistance level, which is being tested at the moment, in the way to next resistance level at 1.2957 and 1.32992.
The Pound has also appreciated against the Dollar, after falling to a session low at 1.3890, the Sterling has risen above 100 pips in Asian session, reaching past 1.4040, and advances on its way to 14071, (Mar 13 high).
The USD/JPY has returned to a range between 98.00 and 98.55 after an spike down to 97.55 in early trading in Asia.