"The Bank of Japan unexpectedly cut a benchmark interest rate below zero on Friday, stunning investors with another bold move to stimulate the economy as volatile markets and slowing global growth threaten its efforts to overcome deflation."
A Weekly Look, Week Ending 1/29/16
The dollar's daily cycle peaked on day 7, formed a swing high and delivered a trend line break to signal the daily cycle decline. The move by Japan caused the dollar to rally over 1 on Friday. This appears to have forced an early daily cycle low to form since the dollar ended up closing above the upper daily cycle band.