Draghi speech: We did not discuss removing easing bias in interest rates

Mario Draghi, President of the ECB, continues to make comments on monetary policy, with key headlines found below:

  • We still have many fragilities
  • Did not discuss removing easing bias in interest rates
  • Easing bias linked to inflation
  • Did not discuss securities lending
  • Risk of trade protectionism may have receded

EUR/JPY fades a bullish spike on Draghi's comments

The shared currency moved higher across the board, lifting the EUR/JPY cross back closer to previous session's one month low, near the 122.00 handle.
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USD/JPY: Buy on dips - Westpac

Robert Rennie, Research Analyst at Westpac, suggests that they are reverting back to their previous ‘buy dips’ bias and suggests to look to buy dips 1
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