Japanese equity markets rallying as yen weakens post-BOJ 21 Sept
Blink and you miss it on yen pairs and the same for the Nikkei as the index rebounds from 16399.65 to 16712.12 as the BOJ introduces QQE with yield curve control which is good for bank/bank stocks.
Currently 16678.78 as the BOJ leaves the door open for further action but no surprises there surely.
USDJPY currently back down to 102.32 after 102.65. Expect offers/res between 102.80-103.00 to cap further rallies as attention turns to the FOMC.
