Commodity Prices

Gold •10 mins	2,328.90	-13.20	-0.56%
Platinum •19 mins	920.40	-2.40	-0.26%
WTI Crude •10 mins	82.99	-0.37	-0.44%
Gasoline •10 mins	2.722	-0.003	-0.12%
Ethanol •15 hours	2.161	+0.000	+0.00%
Silver •19 mins	27.13	-0.24	-0.87%

Silver • 19 mins	27.13	-0.24	-0.87%
Copper • 19 mins	4.492	+0.032	+0.71%
Brent Crude • 10 mins	88.14	-0.28	-0.32%
Natural Gas • 10 mins	1.778	-0.034	-1.88%
Heating Oil • 13 mins	2.564	-0.016	-0.60%

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USD/JPY: Challenging The Recent Highs

By - Dec 19, 2012, 5:31 AM CST

USD/JPY rose yesterday. It is now challenging its recent highs at 84.48 (17/12/2012 high). Hourly supports can be found at 83.61 (l17/12/2012 low) and 83.25 (intraday low).

The general overbought conditions and the strong resistance at 84.18 suggest an upcoming short-term phase of weakness.

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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