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EUR/JPY rises slightly after ECB, Draghi eyed

FXStreet (Córdoba) - EUR/JPY edged a few pips higher but remained within its daily range after the European Central Bank decided to keep rates unchanged as widely expected after cutting all three rates last month.

The ECB left its benchmark rate unchanged at 0.05% and the deposit rate at -0.2% in today’s meeting. EUR/JPY reached a knee-jerk high of 137.51 but lacked momentum as attention now turns to ECB President, Mario Draghi, who will speak in a conference at 12:30 GMT.

At time of writing, EUR/JPY is trading at the 137.45 zone, virtually unchanged on the day, having recovered from a 3-week low of 136.94 scored earlier on the day.

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