The Big Picture: Jan 5, 2016

Did you feel it?  Something big happened yesterday, and it had nothing to do with China, Saudi Arabia, Iran or Donald Trump.  Of course, I’m talking about USDJPY, which closed below the key Fib line at 120.11.  2016-01-05 USDJPY daily 0615 Is it important?  Well, the last time it dipped below this level, stocks were in the midst of a 12.5% plunge.

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