Nikkei reports that Japan’s gigantic GPIF pension fund will alter its allocation to 25% domestic stocks and lower holdings of government bonds to 35%. If the BOJ were to follow up with a fresh hint at QE today that would be the ultimate signal to go long Japanese stocks and short the yen. Eamonn wrote a full preview of the Bank of Japan decision earlier. Update: This has been reported on previously, although it appears to be giving USD/JPY a lift. It could be an opportunity to fade that move. Update 2: In fact we reported on this as early as Oct 18, although it wasn’t confirmed then. (full story)