FXstreet.com (Barcelona) - European markets are continuing the weak note around the world and it is following the red close in the Asian session and the Friday's Wall Street bad closing. Markets are concerning on earnings and no signals on stimulus exit plans. Yen is enjoying the current situation and it is trading higher against the majors.
DJ Euro Stoxx is trading 0.12% below today opening index, FTSE 100 drops 0.27%, CAC 40 slides 0.28% and the IBEX35 posts 0.38% daily losses. On the other hand, DAX index is reaching 0.60% gains in the day.
Market is concern in earning after the Japanese finance minister blessing the Yen current strengthening. Markets also are expecting some signals about the way G20 will take to exit from stimulus. Oil is falling 0.50% to trade at 65.70 and gold is rising 0.10% so far today to trade above 992.00.
Yen has continue today with its strengthening against the Dollar with the pair losing 0.30% on the day from opening price at 89.63 to the current 89.40, USD/JPY has posted 8-month low at 88.22 in the early Asian session. EUR/JPY has fallen below 130.00 level to post 129.80 as fresh 2-month low.
The Euro is trading sideways against the Greenback during the European session between 1.4600 and 1.4635 after falling 160 pips from 1.4719 to bounce at 2-week low at 1.4560. Currently the pair is testing 1.4635 and trading 0.45% below today's opening price action at 1.4704.
GBP/USD is consolidating low levels after reaching 4-month low at 1.5768 and currently pair is trading around 1.5850/60.