Markets Tumbling, Yen Soaring After Historic Move By The Bank of Japan

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Good morning.

The big story: Late last night, the Bank of Japan unleashed its widely expected, but historic easing. It set an inflation target of 2%, and announced unlimited QE.

As it was expected, the yen spiked on the news, and the Nikkei eventually ended lower.

Meanwhile European markets are tumbling, with big indices off over 1%.

The US market was closed yesterday, so it will be playing catch up.

For more on why the BOJ's move was a disappointment to markets, see here >