Falls to weeks midpoint at 122.89
The USDJPY fell on the back of the weaker that expected retail sales report in the US. The fall took the pair to the midpoint of the two day range this week at the 122.89 level. The low reached 122.91. The correction off the low is reaching up toward the prior low for the day reached in the Asian Pacific session at the 123.18 level. This is close resistance.
Forex technical analysis: USDJPY slumps after weaker US data, but selling slows
