EUR/JPY edges lower after ECB, Draghi eyed

FXStreet (Córdoba) - The EUR/JPY edged slightly lower after the European Central Bank decided to keep its monetary policy unchanged in August as widely expected.

The ECB decision was a non-event, barely affecting the shared currency, although Draghi’s speech scheduled for 12:30 GMT could gave the currency the propulsion it has been waiting for.

At time of writing, the EUR/JPY is trading at the 136.70 zone, just a few pips above its opening price, after the latest recovery attempt was capped by the 137.10 area.

The EUR/JPY printed a 9-month low of 136.14, weighed by worsening Eurozone data and broad risk aversion.