FXstreet.com (Barcelona) - Asian markets are going through slight declines on Thursday, with Chinese banks weighed by rumors of further monetary tightening measures by the PBOC, and Japanese exporters favoured by government's intervention to weaken the Japanese Yen. Tokyo Nikkei Index edged 0.1% down, while South Korean Kospi Index and Hong Kong Hang Seng Index have both dipped 0.5%. Australian S&P/ASX Index dropped 0.7% and Chinese Shangai Composite Index has dropped 1.5%. Baking Shares in China have been sold amid growing concerns about a interest rate hike by the PBOC, and news about a government plan to increase banks' capital requirements. In Japan, Exporters' shares have advanced, favoured by Yen weakness. Dollar and Yen steady at lower levels USD/JPY bounced yesterday from 15-year lows at 82.85 on the back of BoJ's intervention, and the pair regained 85.00 area, to hit a fresh 3-week high at 85.80, and ease towards 85.20 on Thursday's Asian session. EUR/USD has rallied about 300 pips over the first two days of the week, extending its recovery from 1.2645 low on Friday to a fresh one month high at 1.3035, where the pair found resistance, on Tuesday, and remained consolidating between 1.2960 and 1.3035 during Wednesday and Thursday's Asian session. GBP/USD has been moving higher during the last two days, bouncing from 1.5350 area on Tuesday to extend on Wednesday through 1.5600 resistance area, although, capped at 1.5650 on early Asian session, the Pound has been trimming gains to drop back below 1.5600 at the time of writing.

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