Forex: Euro reacts fury to Draghi's speech and rises fast; BoJ's victory

FXstreet.com (San Francisco) - The Euro was the currency winner of the Thursday session as Mario Draghi took the scene and defends Open Market Transactions and dismissed the redenomination risk set off a serious squeeze. Then, market considered that the single currency was too cheap compared to the Greenback or the Japanese yen.

The EUR/USD jumped from 1.2745 to trade close to the 1.2950 region at first time since March 25th. The EUR/JPY advanced 535 pips on the day to performed its best rally since November 2008. The EUR/JPY is trading currently at 124.40.

The global winner was the Bank of Japan who announced an aggressive stimulus programme early in the Asian session. The Yen traded lower and lost ground against the its major competitors with pairs like EUR/USD (+4.10%), USD/JPY (+3.40), GBP/JPY (4.15%) and AUD/JPY posting big advances.

Main Headlines in the American session:

US: Initial Jobless Claims rose to 385K

Forex: GBP/USD edges back off high during Draghi Press Conference

Forex: EUR/USD in fresh 2013 lows on Draghi

Forex: EUR/JPY dips on Draghi Speech

ECB to stand by accomodative monetary policy to spur recovery

Forex: USD/JPY prints new high at 95.75 on US session

Forex: GBP/USD jumps towards 1.5200

Forex: USD/CAD peaks to 1.0165 but rejects and falls to 1.0130

Forex: USD/JPY pushes above 96.00

Forex: GBP/JPY trading near session highs of 145.90

Forex: EUR/USD in session highs above 1.2880

Forex: GBP/USD trading off highs at 1.5225/28

Forex: US Dollar Index in session lows below 83.00

Forex: EUR/USD around 1.2950, eyes on Payrolls

Forex: EUR/JPY extends advance to 3-week highs at 124.55

">Wall Street closes higher on Japan plan but focus on jobs report