European Central Bank and ECB President Mario Draghi

ECB President Mario Draghi: The single currency lost the most against the yen among major currencies this year, with a 7.3 percent drop, data compiled by show. The euro touched a three-month low of 134.23 yen on Thursday after ECB President Mario Draghi said the central bank will buy 60 billion euros $68 billion a month of public and private debt until September 2016, against expectations for 50 billion euros, according to Bloomberg. Suzuki said the single currency could fall to about 130 yen if it breaks 134, and the technicals will turn bearish if the currency ends today below support levels at 136.84, based on a weekly Ichimoku equilibrium chart and The euro is sliding faster than the yen after the European Central Bank outstripped expectations for monetary stimulus this week and its Japanese counterpart left policy little changed. The yen fell sharply on the BOJ s action in October but euro weakness prevails after the ECB move now, so it has room to fall more against the yen, said Kengo Suzuki, chief currency strategist at Mizuho Securities Co. in Tokyo. (news.financializer.com). As reported in the news.