The BOJ last bought ETFs on 28 January and held off buying more until today
The Japanese central bank bought £5 million worth of ETFs today amid the 4% drop in the Nikkei, showing some signs that they may be more flexible with ETF purchases.
That said, they still hold a commitment to buy roughly £6 trillion worth of ETFs at an annual average pace so that is something to consider unless communicated otherwise. I mean, what better timing to buy more when the market is down. *wink* *wink*
Further Development
Analyzing the current trading chart of EUR/USD, I found that there is strong reversal day for the EUR and that sellers are in total control today.
My advice is to watch for selling opportunities on the rallies with the downside target at 1,2035.
Key Levels:
Resistance: 1,2110
Support levels: 1,2035
