Asian markets traded mostly higher on Friday as investors kept a close eye on developments in Europe and hopes for a deal with Greece.
Greece said it would talk to creditors about fixing its debt problem when another round of meetings begins later on Friday.
However, Japan’s Nikkei 225 fell 0.4% to 17,913.36 after closing at its highest since July 2007 on Thursday.
Friday’s fall was put down to profit-taking and a strengthening in the yen.
The dollar fell back to 118.93 yen, from Thursday’s level of 120.27. A stronger yen is a disadvantage for Japanese exporters as it makes their products more expensive abroad.
Chinese shares traded higher, following US gains overnight, but investors remained cautious ahead of a long Chinese New Year holiday.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.