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May 13: Asian session


Asian stock markets are mostly trading in the positive zone with MSCI Asia-Pacific index excluding Japan adding 1% and Japanese Nikkei 225 index adding almost 2%. Indian shares also rose by 2%, boosted by exit polls predicting India's business-friendly opposition party would win the elections. The markets showed limited reaction to industrial production and retail sales data from China, which came out almost in line with forecasts.

USD/JPY pair extends the upside for a third day in a row, testing 102.30. AUD/USD failed to rise above the $0.9400 mark for now, rolling back to $0.9340. NZD/USD consolidates around $0.8620. EUR/USD and GBP/USD were almost unchanged in the Asian session. Markets are waiting for the EZ and German ZEW indices releases. 

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