If purchases start in March and end in September. If it’s through September that’s 1.14 trillion. Either way, it’s at the very top end of what’s expected.
The bounce in the euro from 1.1520 came because of the decentralization announcement. It means national central banks will do the buying and and hold the risk. It’s a sign of disunity.
Overall, the market is extremely whippy.
EUR/USD one minute chart
The September 2016 deadline is a little bit soft. It will be conducted “until sustained adjustment in path of inflation.”
