Commodity Prices

Gold •496 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,600.00	+1.70	+0.11%
WTI Crude •11 mins	60.79	-0.25	-0.41%
Gasoline •11 mins	2.007	-0.005	-0.26%
Ethanol •496 days	2.161	+0.000	+0.00%
Silver •496 days	30.82	+1.16	+3.92%

Silver • 496 days	30.82	+1.16	+3.92%
Copper • 496 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	64.92	-0.24	-0.37%
Natural Gas • 11 mins	4.533	-0.032	-0.70%
Heating Oil • 11 mins	2.574	-0.002	-0.06%

Headlines

881 days Will The ECB Continue To Hike Rates?
881 days Forbes: Aramco Remains Largest Company In The Middle East
883 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,283 days Could Crypto Overtake Traditional Investment?
1,287 days Americans Still Quitting Jobs At Record Pace
1,289 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,292 days Is The Dollar Too Strong?
1,293 days Big Tech Disappoints Investors on Earnings Calls
1,294 days Fear And Celebration On Twitter as Musk Takes The Reins
1,295 days China Is Quietly Trying To Distance Itself From Russia
1,296 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,300 days Crypto Investors Won Big In 2021
1,300 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,301 days Food Prices Are Skyrocketing As Putin’s War Persists
1,303 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,303 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,307 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,307 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,308 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,310 days Are NFTs About To Take Over Gaming?

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

The Biggest Challenge Facing West Africa's Single Currency Plan

The Economic Community of West…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

More Info

Contact Author

USD/JPY - Further Upside Still Favoured

By - Feb 27, 2012, 5:41 AM CST

USD/JPY has extended considerably higher after breaking over the 200- day moving average and the range high at 78.28. Our first and second targets have now both been met.

While we could see some corrective activity to unwind the recent accelerated advance, the underlying tone remains positive with the 78.29/79.00 zone seen holding for further gains towards 82.23 (May 2011 high) ahead of 83.30.

Meanwhile, settlement back below 77.99/78.29 would suggest that we have seen a false upside break, exposing minor support at 77.36 then the 75.35 record low in a more bearish longer-term scenario.

Daily Technical Report