Session Recap: Euro closes higher; US Treasury hurt the BoJ plan

FXstreet.com (San Francisco) - Late in the day, the US Treasury published its report on exchange and rates policies and they said that Japan should refrain its Yen devaluation. The reaction was hard for the BoJ plan to weaken the Yen with the USD/JPY, EUR/JPY and GBP/JPY falling hard to trade close to weekly lows.

The USD/JPY fell to test the 98.00 area, the GBP/JPY declined to test Tuesday lows at 150.55 and the EUR/JPY collapsed to 128.55. On the other hand, the Euro trade higher on Friday with the EUR/USD recovering ground from early losses to trade above the 1.3100 level and to trade at intra-dayb highs at 1.3125.

Main headlines in the American Session:

US: Retail Sales fell 0.4% in March

American equity markets fall on US retail sales

US Apr Reuters/Michigan Consumer Sentiment Index down to 72.3 vs 78.6 (Mar)

Ireland and Portugal get 7 year loan repayment extension

Forex: EUR/USD recovering ground, eyes on 1.3100

Forex: GBP/USD consolidates above 1.5340

Gold falls below $1500.00 support

Forex: USD/JPY hovering over 99.00

Forex: GBP/USD hits fresh lows ahead of the closing bell

Wall Street closes lower on Friday but rallies on the week

Forex: EUR/USD trades above 1.3100

Forex: USD/JPY falls hard to intra-week low on US 'suggestions' to Japan

US Treasury says Japan should refrain its Yen devaluation