Investing.com - The euro trimmed gains against the yen on Wednesday, but remained supported close to 33-month highs as expectations for more aggressive easing measures continued to pin down the yen. EUR/JPY pulled back from 127.70, the pair’s highest since early April 2010 to hit 126.81 during European morning trade, sliding 0.36%. The pair was likely to find support at 124.62 Monday’s low and resistance at 129.00. The yen came under renewed pressure after BoJ Governor Masaaki Shirakawa said Tuesday that he was stepping down three weeks before the conclusion of his five year term on April 8, along with his two deputy governors. The move is likely to push forward a transition towards more aggressive monetary easing, amid ongoing pressure from Prime Minister Shinzo Abe to step up measures to combat deflation. Prime Minister Abe is expected to nominate a new governor later this month. Elsewhere, the euro was lower against the dollar and the pound, with EUR/USD down 0.31% to 1.3540 and EUR/GBP losing 0.39% to trade at 0.8637. Investors remained cautious ahead of the outcome of Thursday’s European Central Bank meeting amid worries that President Mario Draghi could signal concern over the impact of the euro’s recent gains on the region’s economic recovery. The ECB was not expected to announce any changes to existing monetary policy. The euro showed little reaction after official data on Wednesday showed that German factory orders rose 0.8% in December, slightly below expectations for a 0.9% increase.

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