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US stocks extended losses; JPY revived

FXStreet (Córdoba) - Stocks in Wall Street were falling sharply on Thursday while European equities finished slower. The FTSE 100 lose 0.99% while the Dax retreated 1.57%. In the US the Dow Jones was falling more than 200 point or 1.42%, the Nasdaq was down 1.78% and the S&P 500 was losing 1.417%.

Among currencies, the yen rose across the board and trimmed weekly losses. The euro was recovering ground after falling to fresh 2014 against the US dollar. Commodity currencies were among the worst performers, particularly the kiwi and the aussie, weakened by risk aversion.

Crude oil was falling marginally, with the barrel around $92.60 while gold was rising $5, trading above $1,220 after bouncing strongly from $1,206 (fresh 2014 low).

EUR/JPY likely to terminate here on Elliot waves

EUR/JPY is trading at 138.57, down -0.56% on the day, having posted a daily high at 139.73 and low at 138.44.
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EUR technically destined for 1.25 handle? - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted that the euro is also trading at new cycle lows, moving beyond our near-term target of $1.2750 target.
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