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Forex: EUR/JPY consolidates above 129.00

FXstreet.com (Córdoba) - The yen has recovered ground on Friday as USD/JPY failure to break above the 100.00 mark encouraged some profit taking in JPY crosses. EUR/JPY for its part, pulled back from a 3-year high of 131.10 scored on Thursday toward 129.00 before finding support.

The euro has been also weighed amid renewed concerns over Cyprus, even though the Eurogroup announced afterward that conditions for a €10 billion loan are in place.

EUR/JPY is currently trading around 129.50, recording a 0.8% loss after 6 consecutive days of gains.

Forex: USD/CHF rises to 0.9323/25 after Eurogroup statement

The USD/CHF briefly fell below the 0.9310 level during US trading before surging upwards after the data release in the United States. In these moments, the cross has built on its solid gains earlier today, having secured a gain of +0.16% and operating at 0.9323/25.
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American equity markets fall on US retail sales

The US stock market experienced a negative opening Friday after a tranche of economic data in the US. Retail Sales (MoM) contracted -0.4% in March, compared with estimated of zero change. Meanwhile, the Producer Price Index (MoM) yielded a figure of 0.2% in March, against expectations of 0.2%. Retail Sales ex autos (MoM) also fell -0.4% in March, missing a projected 0.0% change.
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