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Forex: GBP/USD consolidates above 1.5300

FXstreet.com (Barcelona) - The prevailing risk-on tone overnight lifted the sterling above the key resistance at 1.5300 on Thursday, ahead of the preliminary UK GDP figures for the first quarter. Prior surveys expect the British economic activity to expand 0.1% inter-quarter and 0.1% on a yearly basis vs. 0.2% and -0.3%, respectively.

At the moment, the pair is up 0.30% at 1.5316 with the next resistance at 1.5370 (high Apr.17) and then 1.5386 (high Apr.15).
On the flip side, a breakdown of 1.5227 (hourly low Apr.24) would expose 1.5200 (March low) and then 1.5190 (38.2% of 1.4832-1.5412).

Asian markets rise on Thursday but China drops

In general, it was a risk-on session despite Mainland China’s Shanghai Composite and Indonesia’s Jakarta Composite drops by -0.32% and -0.48%. Japan’s Nikkei Stock Average (+0.61%), South Korea’s Kospi (+0.65%), Hong Kong’s Hang Seng (+1.06%) and India’s Bombay Sensitive (+0.84%) rose on Thursday. One day ahead of the BoJ, Japan finance minister Aso praised the central bank’s action once again: “G-20 understood BoJ policy was not aimed at foreign exchange”.
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Forex: USD/JPY falls and tests 99.00 mark

Yesterday’s peak was made at 99.77 but the USD/JPY was supported by the 99.25 area. However, such area gave in today as the pair eased below 99.50 in order to touch the 99.00 mark as investors get ready for the European opening. The market has bounced to 99.15, for now.
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