BOJ kicks off its new ETF policy with a £50.1 billion purchase today
That's the third time this month and the fourth time (all same amounts) this year.
The latest purchase today comes amid a 2% drop in the Nikkei and a 1% drop in the Topix. The latter is the focus of the latest shift in BOJ policy but if anything, it just rather shifts the support away from less growth-heavy stocks to more value-heavy stocks.
Further Development
Analyzing the current trading chart of EUR/USD, I found that buyers are in control today but that there is strong resistance at the price of 1,1935.
Based on the 4H time-frame , my advie is to watch for potential test of strong resistance and try to play for the downside towards the 1,1880.
Key Levels:
Resistance: 1,1935
Support level: 1,1880
