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Session Recap: Yen declines further; USD mixed

FXstreet.com (San Francisco) - The EUR/USD reached on Wednesday its highest level since March 8th at 1.3120, but the pair was unable to hold this levels and the euro retraced to trade just above the 1.3050.

The Yen continues with its decline against its major competitors with the USD/JPY reaching fresh 4-year highs at 99.86. The GBP/JPY tested the 153.00 for first time since October 2009 and the EURJPY advancing to 130.50, maximum since January 2010.

Main headlines in the American session:

Fed Minutes: QE to continue at least until midyear

American equity markets advance following FOMC leak

Forex: USD/JPY bounces to fresh highs

Obama’s 2014 budget plan includes tax increases for the rich

Forex: EUR/USD consolidating below 1.3100

Forex: AUD/USD hits 11-week high as stocks advance

Forex: USD/CAD breaking below 1.0150

S&P revises Cyprus outlook to Stable from negative

Forex: GBP/USD consolidates above 1.5300

Forex: EUR/USD keeps the lows around 1.3055/60

Forex: USD/JPY rises to test 99.80, new 4-year highs

Forex: GBP/JPY rises to test the 153.00 area

Wall Street rises to post record highs

Wall Street rises to post record highs

The US stocks market advanced on Wednesday fueled by strong gains in the technology sector. DJIA and S&P advanced to record highs and the Nasdaq closed at best level since 2000.
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Forex: EUR/USD peaked above 1.3100 after completing 375 pips advance in 5 sessions

The EUR/USD is currently consolidating levels above the 1.3050 following the bullish movement performed in the early Wednesday session. The EUR/USD posted the highest level since March 8th at 1.3120 in Asia, but the pair was unable to keep the 1.3100, retracing towards the current 1.3070 area throughout the European and American sessions.
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