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Technical Analysis NIKKEI : 2016-02-01

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Negative rate in Japan The Bank of Japan (BoJ) unexpectedly introduced the negative interest rates at -0.1% aimed at stimulating national economic growth and inflation growth to the 2% target. The Bank left the QE volume unchanged at 80bn. yens a year and stated that the banks will be fined for the surplus assets storage on the BoJ accounts. All these moves pushed the yen exchange rate much lower and triggered the rally in the Japanese stocks. Will the Nikkei index continue edging up? The ECB

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