Asian markets are expected to open higher, despite the doubtful closing of the US and European indexes.
Last increase in oil prices is positive for the fund markets. Price for a barrel crossed above the psychological level of 50$ and is now traded at 50.50$. Weaker yen is supportive for the major Japanese exporters. The pair USD/JPY is traded at 103.97.
Despite the positive sentiment at the Asian markets open, it is very likely that we see declines at the end of the session, as traders and investors might get cautious in front of the US Non farm payrolls data which will be released tomorrow.
During the Asian session data about AIG construction index from Australia will have some impact at 01:30 as better that previous reading will support the AUD.
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