Expectations of new stimulus from the Central Bank of Japan encouraged the bulls to build up long positions. The change in the Japanese government will probably be accompanied by both fiscal and monetary stimulus, inasmuch as politicians and monetary authorities have recently preferred to act together.

Under this idea, traders are now actively buying the Japanese stock index NIKKEI and the USDJPY currency pair. Apparently, the well-known rule will work on the market: buy the rumor, sell the fact. Therefore, the growth will continue until we receive the details of the new stimulus measures.

Trading recommendation: Buy 110.19/109.95 and take profit 110.50.