Feb. 25: Asian session
Asian shares rose following the good performance of the Wall Street amid more mergers buzz. MSCI Asia Pacific Index climbed 0.6%, poised for the highest close since Jan. 23. Australia’s market briefly hit its highest since mid-2008 on a run of solid earnings reports. Japanese Nikkei 225 added 1.4% breaching the 15,000 barrier.
USD/JPY is consolidating in the 102.50. Commodity currencies are trading mostly sideways. AUD/USD is under a slight bearish pressure after a rise to $0.9050 in the US session. The downside remains limited at $0.9015. NZD/USD is consolidating around the $0.8330 mark.
EUR/USD is consolidating around $1.3730. GBP/USD is trading on the upside in the $1.6670 area.