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Wall Street declines hard on weak corporate earnings

FXstreet.com (San Francisco) - The US stocks market has closed lower on Wednesday as investors were disappointed by weaker-than-expected corporate earnings. techs and banks sectors pressured to the downside, specially Apple which share collapsed 6%.

The Dow Jones declined 138.19 points or 0.94% to 14,618.59. The S&P 500 eased 22.56 points or 1.43% to 1,552.01. And the Nasdaq Composite collapsed 59.96 points or 1.84% to end the day at 3,204.67.

Forex: USD/JPY jumps above 98.00 on BoJ CPI inflation talks

The USD/JPY is extending its recovery from the 97.20 bottom with the pair rising around 50 pips in the last hour to test the 98.30 level on the back of rumors published by Nikkei that the BoJ will raise CPI forecast. Recently, the BoJ affirmed that they are working to have a yearly inflation at 2.0%.
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Forex: EUR/USD fell to 1.3000 after its worst single day decline since Feb 25

The Euro traded heavy on Wednesday against the US Dollar, down 1.10% after reversing Tuesday's reversal of Monday's. The EUR/USD collapsed from the 1.3200 region to break down the 1.3030 support, test the 1.3000 frontier and close back above the 1.3030.
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