Hard to say on an exact 1st reaction basis, but there's no doubt they will take money printing from war time levels like we've been at for 3+ years now  to completely berserko mode if the war escalates.  That will inflate assets eventually simply because the currency will be worth less.  In the short term, this move was waiting for a trigger and got one. It could have been something else. We were due and it came along.  

We were overdue. The white MA is the 21 EMA. The gap / time between touches is an all time record....and it wasn't close to the next record.  We just happen to be debasing our currency at an all time record rate.  Here's where everyone says "yeah, but correlation isn't causation."