Japanese Nikkei Index rallies 1.8%, while Hong Kong's Hang Seng Index adds 2.8% and Chinese Shanghai Composite Index rises 2%. South Korean Kospi Index advances 0.9%, and Australian S&P Index rises 0.7%.
Investor's appetite for risk has been fuelled by Chinese's Central bank's decision to end its two-year peg to the Dollar. The Bank announced more flexibility on Yuan's exchange rate, although the PBOC discarded a dramatic revaluation of the Chinese currency, which, so far on Monday, has not suffered any change.
Euro and Pound rise further
EUR/USD remains trading on a steady upside channel from 4-year low at 1.1875 on Jun 7, extending on Asian session to levels right above 1.2450, 4-week high, with immediate support at 1.2355/60.
GBP/USD is breaking higher ahead of the European opening, and upside move from 1.4345 low on Jun 7 has extended above 1.4885 resistance area, to hit a fresh 5-week high at 1.4935.
USD/JPY decline from 92.10 on Jun 14 extended lower on Asian session opening, and the pair hit a fresh 3-week low at 90.10 to pick up through the session and return to day-high levels high around 90.95.
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