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Session Recap: Yen declines further; Euro trades above 1.3100

FXstreet.com (San Francisco) - The USD dollar has been trading weak on Thursday on the back of increasing risk appetite. The Yen also trade lower pushing high its crosses against the Euro and Pound as well as the USD. EUR/USD rose to 1.3135, highest since February 28.

The USD/JPY has advanced further to trade at 4-year highs close to the 100.00 level, the EUR/JPY rallied to 131.10 and the GBP/JPY jumped to 153.75.

Main headlines in the American Session:

US: Initial Jobless Claims fell to 346K

American equity markets pull back despite upbeat Jobless claims

Ireland and Portugal might be granted loan repayment extension on Friday

Forex: EUR/JPY bounces at 129.70, back above 130.50

Forex: EUR/USD bouncing off 1.3080

Forex: GBP/USD resumes upside and hits fresh high

Antipodean currencies outperform

Forex: EUR/USD remains capped by 100-day SMA

Forex: GBP/USD hovering over 1.5400

Forex: USD/JPY extends gains and tests 99.90

Wall Street rises further on upbeat US data

Wall Street rises further on upbeat US data

The US stocks market has logged its 4-day rally as investors confidence was fueled by the better than expected Jobless claims data in the United States. The Dow and the S&P finished at fresh closing highs.
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Forex: Now that the USD/JPY is kissing the 100.00... What's next?

After rising 725 pips in the last 6 sessions from the April 4th low at 92.70, the USD/JPY is just flirting with the famous 100.00 level. With the pair consolidating 4-year highs just below the mentioned level, market isn't asking now if the pair will broke that level, but what will happen once the mark has been surpassed.
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