EUR/JPY remains below 1.33 before ECB

The euro fell to a near four-week low against the yen on Tuesday, hit by speculation the European Central Bank may signal easier monetary policy or even cut rates this week.

After data last week showing a sharp drop in inflation, some in markets have said the ECB could cut interest rates on Thursday, or at least lay the groundwork for a move.

The euro fell 0.5 percent to 132.395 yen on the EBS trading platform, its lowest since Oct. 10, having dropped below chart support at 132.63 yen, the 55-day moving average.

CNBC

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