BOJ purchases £50.1 billion worth of ETFs todayThis is the fifth time this month that the BOJ has stepped in and the amount purchased reverts back to the usual £50.1 billion. The purchase comes as the Nikkei closes up 0.2% but the Topix declined 0.8%, as the latter halted a three-day advance with a majority amount of shares going ex-dividend.Excluding the ETFs purchased for capex purposes, the BOJ has bought £521 billion worth of ETFs so far in Q1. Prior to this month’s review, they had a firm commitment to buy up to £6 trillion worth of ETFs during the course of the year.Further Development

analytics606312ffa68e8.jpg

Analyzing the current trading chart of EUR, I found that sellers are in control and that EUR might test the major pivot support at 1.1620.

My advice is to watch for selling opportunities on the intraday rallies with the downside target at 1.1620.

Additionally, there is the breakout of the 3-day balance, which is another sign of weakness…

Support level: $1.679

The material has been provided by InstaForex Company – www.instaforex.com

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.