European stocks look set to open firmer, after BOJ initiated another round of Quantitive Easing, this was 40% to 50% priced into the market as analysts believed it would be implemented this month or in October. The terms of the easing were 80 Trillion Yen, the 10 trillion extra increase will be split between asset purchases and Japanese Government bonds. The Nikkei was up 0.5% to 9171.
At present Wall street sits at 1617, a lot of resistance is seen at 1630, with the market not being able to breach that level from numerous attempts during the Asian session.
Resistance on the EUR/USD looks strong at 1.303 and the topside is being contained around 1.3075.
Happy Trading!