FXstreet.com (Barcelona) - European markets seem to have corrected slightly their weak start and they are mixed at midday time, ahead of a Non Farm Payrolls report in the U.S. which by most accounts will be very negative; The Pound has risen to high levels seen yesterday and the Dollar Yen hovers below 100.00.

Eurostoxx 50 is unchanged at the time of writing, with German DAX Index 0.71% up and French CAC 0.17% down. Investors seem to be cautious ahead of a non farm payrolls report which threatens to announce that unemployment in the U.S. reached a 25 year high.

Regarding currencies, The GBP/USD, has rallied in the European session from 1.4650 and, after having set a fresh 7-week high at 1.4830, has returned below 1.4775 level.

USD/JPY has set another assault to the 100.00 level but it has been rejected and the pair declines below 99.90 level towards next support at 99.50.

The EUR/USD has moved back and forth from 1.3415 low to 1.3475 high.