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FXstreet.com (Barcelona) - Asian Markets have opened the week on bid tone, with investors buoyed by better than expected Japanese exports and G20 agreement to abandon currency devaluation practices. The Nikkei Index, however, has ticked lower, weighed under Yen Strength.

Chinese Shangai Composite Index has risen 1.3%, while Hong Kong's Hang Seng Index added 0.9% and Australian SP/ASX Index advanced 1.4%. Japanese Nikkei Index edged down 0.1% as the Yen squeezed to a fresh 15.year high against the Dollar.

Asian markets have been buoyed by G20 Finance Ministers' agreement to allow markets to set currency exchange value, in order to avoid trade war to escalate in a race for currency devaluation. The Dollar dropped across the board however, with the Federal reserve widely expected to pump more cash into economy through another set of quantitative easing measures.

Dollar drops across the board

USD/JPY has plunged on Asian session, opening the week at 81.30 to break below the last two weeks' trading range floor, at 81.85, to hit a fresh 15-year low at 80.65 ahead of the European session opening.

EUR/USD opened the session on strong note, and the air extended its rebound from Friday's low at 1.3855 back to levels above 1.4000, reaching session high above 1.4050 ahead of the European session opening.

GBP/USD has regained during the Asian session, half of the ground lost st since Wednesday, as the pair bounced on 1.5655 support area on early Asian session, to rally about 120 pips higher, hitting session highs at 1.5770 ahead of the European markets opening.

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