Commodity Prices

Gold •10 mins	2,410.20	+12.20	+0.51%
Platinum •10 mins	941.60	-12.90	-1.35%
WTI Crude •10 mins	83.15	+0.42	+0.51%
Gasoline •10 mins	2.709	-0.005	-0.17%
Ethanol •33 mins	2.161	+0.000	+0.00%
Silver •10 mins	28.80	+0.42	+1.48%

Silver • 10 mins	28.80	+0.42	+1.48%
Copper • 10 mins	4.493	+0.056	+1.26%
Brent Crude • 10 mins	87.29	+0.18	+0.21%
Natural Gas • 10 mins	1.755	-0.002	-0.11%
Heating Oil • 11 mins	2.542	+0.008	+0.31%

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USD/JPY: The Recent Low at 100.67 is Challenged

By - May 30, 2013, 5:35 AM CDT

USD/JPY has successfully tested its resistance at 102.59 and is now challenging the support at 100.67. Other supports can be found at 99.95 and 98.58. An initial resistance lies at 101.54 (intraday high).

The overextended nature of this market calls for some caution. However, as long as the support at 95.77 (05/04/2013 low) holds, further long-term strength towards 110.66 (15/08/2008 high) is favoured. We do not expect a break of this resistance in the coming months though.

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