By Randolph Donney — Feb 12 - 02:45 PM
Michigan sentiment yanked USD/JPY off early 105.185 EBS high nL1N2KI1C8
That high is a 61.8% Fibo of this week's slide and by Tues's 105.26 high
Prices near the 10-DMA at 105 heading into the U.S. holiday weekend
Close above would reinforce this week's 104.41 low being a correction base
Might see more consolidation ahead of Wednesday's US retail sales
Twin Fibos, daily kijun and Thur's low at 105.55 are key on a closing basis
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Source:
Refinitiv IFR Research/Market Commentary