Commodity Prices

Gold •772 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,756.90	+24.70	+1.43%
WTI Crude •7 hours	82.40	+1.15	+1.42%
Gasoline •7 hours	3.184	+0.056	+1.79%
Ethanol •772 days	2.161	+0.000	+0.00%
Silver •772 days	30.82	+1.16	+3.92%

Silver • 772 days	30.82	+1.16	+3.92%
Copper • 772 days	4.530	+0.111	+2.51%
Brent Crude • 6 hours	88.52	+1.45	+1.67%
Natural Gas • 7 hours	2.733	+0.006	+0.22%
Heating Oil • 7 hours	4.283	+0.032	+0.76%

Headlines

1,157 days Will The ECB Continue To Hike Rates?
1,157 days Forbes: Aramco Remains Largest Company In The Middle East
1,159 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,558 days Could Crypto Overtake Traditional Investment?
1,563 days Americans Still Quitting Jobs At Record Pace
1,565 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,568 days Is The Dollar Too Strong?
1,568 days Big Tech Disappoints Investors on Earnings Calls
1,569 days Fear And Celebration On Twitter as Musk Takes The Reins
1,571 days China Is Quietly Trying To Distance Itself From Russia
1,571 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,575 days Crypto Investors Won Big In 2021
1,575 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,576 days Food Prices Are Skyrocketing As Putin’s War Persists
1,579 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,579 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,582 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,583 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,583 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,585 days Are NFTs About To Take Over Gaming?

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…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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: Sliding

By - Jun 13, 2013, 5:53 AM CDT

USD/JPY has moved below its recent low at 94.99 (07/06/2013 low). The short-term technical configuration remains negative as long as prices remain below the resistance at 97.02 (12/06/2013 high). An initial resistance lies at 94.92 (intraday high). Supports can be found at 93.58 (38.2% retracement) and 92.57.

The medium-term overextended nature of this market calls for some caution. Even though it has not been confirmed by EUR/JPY and GBP/JPY, the move below the support at 95.80 is a medium-term bearish sign. We would however not be aggressively bearish given the short-term oversold conditions and the proximity of key supports in EUR/JPY and GBP/JPY.

Daily Technical Report