FXstreet.com (Barcelona) - Asian markets hare going through losses on Friday following declines on Wall Street on Thursday, with an unexpected decline in home sales hurting investor's sentiment. Euro and Pound are trying to pick up after Thursday's sell-offs.
Japanese Nikkei Index has dropped 2.4%, as Nomura, the largest brokerage company in the country announced its biggest shares sales plan ever. Hong Kong's Hang Seng Index shed 0.6% while Chinese Shangai Composite Index declined 1.1% and South Korean Kospi Index lost 0.6%.
Asian markets have followed Wall Street negative path, with investors concerned about the sustainability of the recent markets' rally, specially after the unexpected decline in U.S. existing home sales.
Euro and Pound attempt recovery
EUR/USD decline from 1.4800 high right ahead of U.S. session opening, found support at intra-week low area around 1.4615, and the Euro picked up during Asian session, reaching levels right below 1.4700 at the moment of writing.
GBP/USD decline from 1.6468 high on Sept 23, extended on Thursday and the pair reached a fresh 3-month low at 1.5915 on Friday's Asian session, to bounce to levels above 1.6000 at the moment of writing.
USD/JPY was rejected, once again at 91.60 resistance area, and the pair dropped back all the way to 90.55 low at the time of writing. On a wider perspective, the Dollar remains trading in a range from 90.35 to 91.60 since Tuesday.