Today it became known that the Bank of Japan decided to extend the program of purchases of government bonds to 80 trillion yen, against the previous plans around 50 trillion. It is worth noting that the decision was taken with overweight in one vote - 5 against 4. Also today, started acting a change in policy of the state pension fund in Japan, which has reduced the volume of purchases of government securities to 40%, and to increase the limit on the of Japanese stocks purchases from 12% to 25%. Unemployment rose to 3.6%, while the core consumer price index was 3.0%. We maintain a medium-term positive outlook for the USD/JPY with the objectives near 115.00 and 120.00 and recommend holding long positions.