FXstreet.com (Barcelona) - Asian shares are mixed in a rather low volume session at the week opening, with markets hesitant about what direction to take after 8 months of rally. Euro bounced up from Friday' s lows, while Pound and Yen remain trading in range.
Hong Kong's Hang Seng Index adds 0.4%, while South Korean Kospi Index edged 0.2% down and Australian S&P Index advanced 0.6% with Japanese markets closed or National holiday.
Miners have been among the major gainers on Monday, as god prices soared to fresh highs. In Australia material and consumer products have gone higher, while financials and energies went lower.
Euro bounces from Friday's lows
EUR/USD recovery from Friday's low at 1.4800, has extended with a 100 pips rally during Asian session, reaching levels around 1.4950 at the moment of writing; 0.61% above its day opening price.
GBP/USD is trying to pick up from 2-week low at 1.6460, and the pair crawled up during Asian session, from 1.6470 low to levels around 1.6550 at the moment of writing.
USD/JPY has remained trading within the last two day's range from 88.65 to 89.10; The Dollar opened the session with advances which were halted right above 89.00, and the pair reversed to test 88.65 support level which remains under pressure at the moment.