Asian-Pacific Stock Indices Close In The Green Zone Thanks To Japan

Asian-Pacific markets ended today’s trading session in the green zone after the Bank of Japan decided to expend its bond purchase program in order to stimulate the national economy.

·         MSCI Asia Pacific strengthened by 0,5% up to 123,77 – the highest level since early May 2012.

·         Nikkei 225 gained 1,19%

·         S&P/ASX 200 - 0,54%

·         Kospi - 0,15%

·         Hang Seng - 1,16%

The chart below, courtesy of , reflects the current state of affairs in the market of Nikkei 225:

During the Asian session, the index was building wave 5 and broke above 9261. A further rally looks probable. The closest level of support is 9126.