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2 May 2013
Forex: EUR/JPY settles in a range
FXstreet.com (Córdoba) - The euro has entered in a phase of consolidation against the yen, after a volatile session in the wake of the ECB decision and the subsequent Draghi's conference.
EUR/JPY spiked to a high of 129.88 right after the bank's announcement, but it was hit by Draghi saying that the ECB is technically ready for negative deposit rates and fell back below 128.00 and into negative territory for the day. The pair is currently trading around 127.85/90, 0.3% below its opening price, having hit a low of 128.50.
EUR/JPY spiked to a high of 129.88 right after the bank's announcement, but it was hit by Draghi saying that the ECB is technically ready for negative deposit rates and fell back below 128.00 and into negative territory for the day. The pair is currently trading around 127.85/90, 0.3% below its opening price, having hit a low of 128.50.