The ECB deviated from its tradition by deciding to keep its interest rates very low for a long duration and committed to more cuts in the future. On the other hand, the Bank of England warned investors not to be too hasty on betting on higher UK rates.
The only thing dampening their spirits is their apprehension over the incoming US jobs report, which is crucial. Depending on the report, Federal Reserve's bond activities can either be strengthened or weakened.
The US jobs data is due later today, so many investors are waiting. It must be remembered that it is the Fed's decision to rollback its stimulus upon US recovery from the downturn that triggered Nikkei's high growth in the first place.
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