There was little FX reaction to the in-line ADP employment survey, though EUR-USD was volatile for a brief period during ECB chief Draghi's press conference, dipping to 1.1165 before rallying back to 1.1216 highs. The pairing subsequently eased back, where it settled on either side of 1.1150. USD-JPY fell to 108.53 lows as Wall Street started the session under water, though recovered to 108.86 as Wall Street turned positive. Cable stabilized some, finding support over 1.4400 following its dip to better than two-week lows of 1.4387 on Wednesday.
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