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Session Recap: The USD cedes as JPY holds

FXstreet.com (San Francisco) - The Greenback traded lower on Monday against its majors competitors as the Japanese Yen performed as catalyst while it was holding levels. "Still not sure if we can call a bottom," points FXstreet.com analyst Valeria Bednarik.

The USD/JPY retraced from highs to test levels around 101.85 and close at 102.25 later. The EUR/USD climbed to the 1.2900 area, however, latest news about customers with over 100,000 euros in savings would suffer losses when a bank failed, add pressure to the pair.

The GBP/USD jumped to close above the 1.5250 area and the AUD/USD extended the Friday's bounce at 0.9710 to close above the 0.9800.

Main headlines in the American session:

US: Chicago Fed NA index dropped to -0.53 in April

Oil jumps to two-week high on Middle East and supply worries

Gold jumps to $1400/oz

Fed’s Evans: Economy improving quite a lot but headwinds remain

EU customers with +100K euros in savings would suffer losses in rescued banks

Wall Street declines on QE reduction talks

Wall Street declines on QE reduction talks

The US stocks market failed to sustain earlier highs and the major indexes closed negative on Monday. Investors were concerned on QE ending as Fed of Chicago President Charles Evans said the U.S. economy has improved "quite a lot."
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EUR/JPY holding below 132.00 as Yen strengthens

EUR/JPY is last at 131.77, near session lows, and -0.62% lower for the week so far, mostly on the back of a stronger Yen, even though Euro has also been stronger than USD. The cross has managed to recover from yesterday's massive selling off in early Asia-Pacific trade, following Japan FinMin Amari words on Yen, reaching a fresh weekly low at 130.89.
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