BOJ buys a record high 120 billion yen in ETFs

According to a statement posted on its website, the Bank of Japan (BOJ) purchased a record high of 120.4 billion yen (922.82 million pounds) of Japanese stock exchange-traded funds (ETFs) on Tuesday, per Reuters.

Tuesday’s saw an increase of 20.2 billion yen it bought a day before.

The BOJ said at its monetary policy on Monday, it would increase ETF purchases to up to JPY 12 trillion per year.

Mar 17, 2020

Norway: Norges Bank to cut to 0.50% before June – Danske Bank

Economists at Danske Bank think the Norges Bank will want to join the ‘whatever it takes’ camp by cutting rates further. EUR/NOK is sitting at 11.410.

GBP/USD: Sell off reached the 78.6% retracement at 1.2290 – Commerzbank

The GBP/USD pair is under pressure, in the opinion of Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, who analyzes the cable t