OctaFX | OctaFX Forex Broker
Open trading account

EUR/JPY consolidates below 144.00 ahead of Draghi’s speech

FXStreet (Córdoba) - EUR/JPY steadied in a slim range over the last hours following a choppy Asian session, practically ignoring the European Central Bank decision to keep policy unchanged.

EUR/JPY barely moved and continued to trade at the 143.40 area, up 0.21%, after posting a 10-month high of 144.20 earlier on the day underpinned by JPY weakness. EUR/JPY has gained over 600 pips since Friday when the BoJ announced further easing measures and triggered a yen selloff.

Attention now turns to ECB President, Mario Draghi, who will comment on the considerations underlying the bank decision at a press conference starting at 13:30 GMT, which may give the euro fresh direction.

EUR/USD unchanged post-ECB

The common currency largely bypassed the ECB decision today, with EUR/USD keeping the trade above the 1.2500 handle...
Read more Previous

BoE on hold in November - ING

James Knightley from ING comments on BoE's decision today to leave policy unchanged in November, with the Bank Rate maintained at 0.5% and the size of the Asset Purchase Facility kept at £375B.
Read more Next
Start livechat