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Asian stock markets in focus, Nikkei explodes as USD cruises past yen

FXstreet.com (Barcelona) - Asian stocks were a tale of two indices, as Chinese markets notched modest gains, while the Japanese Nikkei surged ahead to over 5 year highs following the USD/JPY surge over 100.00. Indeed, the cross has climbed to 101.32/41 during trading recently.

Beginning with the indices and composites, the Shanghai rose +0.62% as it settles in region of 2246.83, up +13.89 points in these moments. In addition, the Nikkei 225 is trading in positive territory, operating at 14607.54, exploding +416.07 points or +2.93% at the time of writing. Finally, the Hang Seng Index has climbed higher at the opening, trading in the zone of 23285.54, presently +0.33% after a movement of +76.69 points.

Moving to commodities the prices of gold and silver are trading at USD $1457.25 and $23.76 per oz. respectively. Moreover, the price of crude is operating at USD $95.86/bbl Friday.

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