Session Recap: Greenback collapses in a choppy session

FXstreet.com (San Francisco) - In a intense volatility in forex session the US Dollar was the biggest loser today. The Greenback declines against its major competitors, including a massive liquidation of long positions in the USD/JPY.

Against the Yen, the dollar collapses around 350 pips from 99.50 intra-day highs to destroy the 98.00 and 97.00 areas and trade at 95.90, lowest level since April 16th. Now the USD/JPY is trading at 97.00. The EUR/USD jumped to test the 1.3300 area and currently it si trading at 1.3245. The GBP/USD rallied to 1.5680 and the USD/CHF dropped 0.9220.

Main headlines in the American session:

US: Initial Jobless Claims fell to 346K

Euro jumps to session high after Draghi says inflation risks ‘broadly balanced’

Why the US dollar is getting crushed today

A Wall Street's comeback to close on green