Consumer Portfolio's 15min chart shows Bollinger Bands expanding downward, bearish Marubozu.

Based on the 15-minute chart of Consumer Portfolio, the Bollinger Bands are currently expanding downward, indicating a bearish trend. This is further reinforced by the Bearish Marubozu at 09/19/2025 14:45, which suggests that the market is currently being driven by selling pressure. As a result, it is likely that the bearish momentum will continue.

The Bank of Japan (BOJ) maintained its benchmark interest rate at -0.1% at its September 19th meeting, aligning with market expectations. This decision, the fifth consecutive meeting without a change, was accompanied by the announcement of a new strategy to sell Exchange Traded Funds (ETFs) and Japan Real Estate Investment Trusts (J-REITs) Bank of Japan Holds Rates Steady, Plans to Start Selling ETFs^[1].

The BOJ's decision to sell ETFs and J-REITs marks a significant shift in monetary policy, signaling a potential normalization of the bank's stance. The sale will be conducted according to basic principles, with the scale determined in proportion to the amount of stock purchased from financial institutions. This move comes amidst a backdrop of a moderately recovering Japanese economy, with some sectors showing weakness Bank of Japan Holds Rates Steady, Plans to Start Selling ETFs^[1].

The BOJ noted that inflation, driven by rising food prices, has increased between 2.5% and 3.0% year-on-year. Despite this, core inflation is expected to remain weak due to the economic slowdown. The bank expects the Japanese economy to return to its growth path as the global economy recovers, with core inflation gradually increasing as economic growth accelerates Bank of Japan Holds Rates Steady, Plans to Start Selling ETFs^[1].

The BOJ's decision to sell ETFs is a step towards unwinding its quantitative easing program. While the bank aims to minimize market disruption, the sale could potentially put downward pressure on Japanese stock prices. The pace and method of the ETF sales will be crucial to watch, as will the impact on different sectors of the Japanese market Bank of Japan Holds Rates Steady, Plans to Start Selling ETFs^[1].

Separately, the 15-minute chart of the Consumer Portfolio shows Bollinger Bands expanding downward, indicating a bearish trend. This is reinforced by a Bearish Marubozu at 09/19/2025 14:45, suggesting that the market is currently being driven by selling pressure. As a result, it is likely that the bearish momentum will continue .

In conclusion, the BOJ's decision to maintain its interest rate and begin selling ETFs signals a shift in monetary policy. The impact of these decisions on the Japanese economy and financial markets will be closely monitored.