FXstreet.com (Barcelona) - Asian stock markets have continued posting gains on Tuesday supported by financials, as fears about the global financial system start to vanish; The Dollar has risen against the Yen, Euro and Pound have remained steady at high levels.
Investors have been relieved after Barclays, Citigroup and Bank of America released positive figures for the first months of 2009. Tokyo Nikkei Index has risen 1.5%, while Hong Kong's Hang Seng index declined 0.7 % and South Korea's Kospi added 1.4%.
Dollar rises against Yen; Euro and Pound consolidate at higher levels
USD/JPY has risen slightly above the range of the last days. The Dollar has broken above resistance area at 98.60, an advances slowly towards 99.15 (Mar 9 high), and then 99.70 (Mar 5 high)( on its way towards 100.00 psychological resistance area.
EUR/USD has stepped back below 1.3000 after having reached a session high at 1.3035, and advances south to test support level at 1.2950. The uptrend remains intact.
GBP/USD has declined about 100 pips ahead of the European session opening times. After having reached a maximum level at 1.4138M; the Pound has declined in late Asian session to test support level at 1.4040.