Asian markets rally, gold back below $1,300

All the major Asian indices are trading on a higher note on the last working day of the week. Federal Reserve, Bank of Japan, Swiss National bank and Bank of England released their interest rate decision during the week and stood pat on their monetary policies. On the other side, Central bank statements bring high volatility in the Forex as well as Global stock markets.

Yesterday gold touched the high of $1,314 marks and USD/JPY touched the low of 103.55 marks.

Japan’s Nikkei N225 was trading 1.63% higher at 15,685.53 points in Tokyo.

South Korea’s Kospi was trading 0.46% higher at 1,960.17 points.

Shanghai composite index to open flat at 2,873.01 points and China's CSI300 index to open up 0.1 pct at 3,096.09 points.

Hong Kong’s Hang seng was trading 1.03% higher at 20,246 points.