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FXstreet.com (Barcelona) - Risk sentiment is blooming on Thursday and allowed a successful attempt at breaching the 80.00 mark, triggering an extension to 80.19 high, for now. The Nikkei Stock Average closed higher by 1.11%.

Helping the movement are reports that the BoJ is considering to intervene with extra ¥10 Trillion is asset purchases. Foreign investment in Japan stocks rose from ¥-26.7B to ¥195.2B in the week ending at October 19. In the same week, foreign bond investment eased from ¥705.3B to ¥474.6B. Corporate service price fell further, from -0.3% to -0.5% in September, in line with consensus.

"Our target remains 81.78/87. Slightly longer term we would expect to see recovery to the 84.19 2012 high", wrote analyst Karen Jones, claiming that the market has completed a bullish falling wedge pattern longer term, now offering an upside measured target to 81.78/87 (April 20th high).

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