FXstreet.com (Barcelona) - Asian markets have advanced on Friday, buoyed by signs of economic recovery and higher commodity prices, Euro and Pound have bounced to higher levels.
Japanese Nikkei Index was 1% up and the Hong Kong Hang Seng Index rose 0.8%, with South Korean Kospi Index 1.5% up. Markets in Australia and Singapore were also positive.
Investor's optimism has been supported bu further sighs of economic improvement around the world extending, thus, an outstanding recovery in equities that continue growing at a strong pace since March, and at the same time, fuelling commodity prices.
Euro and Pound below key levels
EUR/USD recovery from 1.4085 low on Thursday reached levels past 1.4300 during Thursday's U.S.session,, although the Euro pulled down and trades above 1.4250 ahead of the European opening.
GBP/USD decline from 1.7000 low last week found support at 1.6390 on Thursday, to bounce afterwards, reaching 1.6665 high. During Friday's Asian session, the Pound eased to levels right below 1.6600.
USD/JPY decline from 97.80 high last week found support at 95.10 low on Thursday and the Dollar bounced to 96.75 intra-day high to sell off during U.S. session and drop back to 95.10 support level. At the moment, the Dollar trades around 95.30.