May 2, 2013
Forex: EUR/JPY spikes both ways on ECB rate cut, at 128.00
The ECB interest rate decision was just announced and policymakers decided to cut the refi rate by 25bp to 0.50%, as expected. Draghi’s press conference is scheduled at 12:30 GMT. The EUR/JPY reacted with spikes in both ways, but having the 128.00 mark as epicenter.
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