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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.

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