USDJPY is at 101.78. If you look at the chart, it has broken down 104.95. The retracement from 104.95 took it to high of 108.60.
If you apply Fibonacci retracement theory, that will give a price objective of 98.91.
This is not good for the Dow as well as in the past the Dow is correlated with movement in USDJPY.
If history repeats itself, Dow will be heading lower. Let's see if Dow can hold on to 11,500 tonight.
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