FXstreet.com (Barcelona) - European markets have opened on an slightly weak tone on Friday as investors fear a dreadful U.S. non-farm payrolls report; The Pound is trying to break through yesterday's high while the Dollar set another test to the 100.00 level.
Eurostoxx 50 drops 0.54% while German DAX Index edges down 0.24% and French CAC index loses 0.64% after two hours of trading. Banks, slightly down and concerns over the U.S. unemployment reaching 8.5% are weighing European markets at the end of the week.
On the European macroeconomic data, UK Halifax house prices have dropped again in March, although the year on year decline slowed down for the first time since last year in April.
Pound reaches above yesterday's high; USD/JPY attempts prices above 100.00
The Pound has posted a 100 pip bounce from levels around 1.4650, reaching to levels right above yesterday's high at 1.4775 level.
The USD/JPY seems to remain in a bullish tone and has launched another assault at the 100.00 level, reaching right there at the moment of writing, although resistance at 99.90 seems a tough one.
The Euro has reacted upwards from 1.3415 level to rally through 1.3440/50 towards 1.3495 resistance level.