Asian equity markets are mixed this morning. Japan’s Nikkei is trading down 0.25%; Hong Kong’s Hang Seng index is up 0.32%; Shanghai’s CSI300 is down a cool 0.81%; Korea’s KOSPI is effectively unchanged and Australia’s ASX 200 is trading marginally in the red, down 0.16%.
Better-than-expected Eurozone manufacturing data provided support for the EUR/USD in early London hours on Thursday. As we write, the unit is seen trading around the 1.1850 band and is unchanged in Asia thus far. The next upside resistance can be seen on the H4 timeframe at 1.1861.
USD/JPY was virtually unchanged on Thursday. Volume remained low throughout the day amid the Thanksgiving holiday in the US and the Labor Thanksgiving holiday in Japan. Asia trading has seen the pair mildly bid, tapping highs of 114.43 and up 0.12% on the day so far.
AUD/USD is currently trading down 0.05% in Asia trading at 0.7622. Upside is currently capped by 0.7632. A break above here would likely lead to further buying up to 0.7657.