Commodity Prices

Gold •10 mins	2,395.70	-2.30	-0.10%
Platinum •10 mins	949.00	-5.50	-0.58%
WTI Crude •10 mins	82.57	-0.16	-0.19%
Gasoline •10 mins	2.709	-0.005	-0.19%
Ethanol •2 hours	2.161	+0.000	+0.00%
Silver •10 mins	28.30	-0.09	-0.30%

Silver • 10 mins	28.30	-0.09	-0.30%
Copper • 10 mins	4.428	-0.009	-0.19%
Brent Crude • 2 hours	87.11	-0.18	-0.21%
Natural Gas • 12 mins	1.747	-0.010	-0.57%
Heating Oil • 10 mins	2.534	-0.000	-0.01%

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USD/JPY: Surging Higher

By - Nov 21, 2012, 5:12 AM CST

USD/JPY has resumed its uptrend. Hourly supports can be found at 81.57 (intraday low) and 81.09 (19/11/2012 low). Resistance is at 83.39 (27/03/2012 high, see also declining trendline).

USD/JPY is likely in a long-term bottoming process. The break of the key resistance at 80.62 (25/06/2012 high) opens the way for further medium-term strength. A strong long-term resistance is at 85.53 (06/04/2011 high).

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