EUR/JPY pressuring daily lows

FXStreet (Córdoba) - Euro came under mild pressure Wednesday and edged lower versus main rivals as European Central Bank Vice President Vitor Constancio sent a strong signal the ECB is ready to buy sovereign bonds early next year.

EUR/JPY turned lower after reaching a daily high of 147.26 and fell more than 70 pips to a low of 146.54 before finding support at the 200-hour SMA. At time of writing, the pair is quoting at 146.60, 0.29% below its opening price.

EUR/JPY has traded within a slim range so far this week, unable to set a clear short-term direction, with the upside capped by 147.35 and the downside contained by 146.30.