FXstreet.com (Barcelona) - Asian markets have drifted higher in most cases, after a flat session in Wall Street and amid expectations of upbeat quarterly earnings figures. Euro and Pound have continued appreciating.
Tokyo Nikkei Index rose 0.6%, while the Hog Kong Hang Seng Index advanced 0.8% and Souh Korean Kospi Index remained practically flat.
Euro and Pound appreciate further
EUR/USD rally from 1.4675 low on Monday has extended on Wednesday's Asian session to levels right below 1.4900. The Euro bounced at 1.4835 session low to reach levels between 1.4870 and 1.4890 at the time of writing.
GBP/USD decline from 1.6120 high on Oct 8 found support on Tuesday at 1.5705, 4-month low, and the Pound bounced strongly to rally during the last 24 hours to reach 1.5980 Asian session high, right below psychological 1.6000 level.
USD/JPY decline from 90.45 high on October 12 has extended during Asian session to levels below 89.00, hitting an intra-week low at 88.80. At the moment of writing, the Dollar trades at 88.95; 0.80% below its day-opening level.