FXStreet (Bali) - Nikkei is heading into the close up 5.3%, in what has been a spectacular afternoon run, as chatter continues that the BOJ is seriously mulling at expanding its monetary easing measures. Further BOJ easing being priced in As Reuters reports: "With the outcome of the two-day policy review hanging in the balance, how financial markets behave in coming days could determine which way Japan's central bank sways next Friday." The Nikkei, citing an unnamed senior BOJ official, said: "The oil rout has changed the BOJ's thinking. "If falling consumer prices resulting from crude's plunge are making more people feel that prices are less likely to rise, then we should consider additional easing." Stocks, commodities soar in afternoon Asia Stocks across Asia got a lift, with the MSCI AXJ equity index up 2.2%. Oil spiked higher, now re-testing the crucial $30 handle. As per Copper, we have also seen fresh demand. As a consequence, 30-year US bonds are being sold as the SP 500 futures index rises 0.64%. For more information, read our latest forex news.