Commodity Prices

Gold •169 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	923.50	-11.10	-1.19%
WTI Crude •3 hours	69.91	-0.67	-0.95%
Gasoline •46 mins	1.923	-0.020	-1.03%
Ethanol •169 days	2.161	+0.000	+0.00%
Silver •169 days	30.82	+1.16	+3.92%

Silver • 169 days	30.82	+1.16	+3.92%
Copper • 169 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	72.68	-0.71	-0.97%
Natural Gas • 45 mins	3.584	+0.210	+6.22%
Heating Oil • 45 mins	2.238	-0.017	-0.77%

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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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