Commodity Prices

Gold •172 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	936.40	+12.90	+1.40%
WTI Crude •1 day	69.46	+0.08	+0.12%
Gasoline •1 day	1.942	+0.019	+0.98%
Ethanol •172 days	2.161	+0.000	+0.00%
Silver •172 days	30.82	+1.16	+3.92%

Silver • 172 days	30.82	+1.16	+3.92%
Copper • 172 days	4.530	+0.111	+2.51%
Brent Crude • 1 day	72.94	+0.06	+0.08%
Natural Gas • 1 day	3.748	+0.164	+4.58%
Heating Oil • 1 day	2.232	-0.006	-0.27%

Headlines

556 days Will The ECB Continue To Hike Rates?
557 days Forbes: Aramco Remains Largest Company In The Middle East
558 days Caltech Scientists Succesfully Beam Back Solar Power From Space
958 days Could Crypto Overtake Traditional Investment?
963 days Americans Still Quitting Jobs At Record Pace
965 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
968 days Is The Dollar Too Strong?
968 days Big Tech Disappoints Investors on Earnings Calls
969 days Fear And Celebration On Twitter as Musk Takes The Reins
971 days China Is Quietly Trying To Distance Itself From Russia
971 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
975 days Crypto Investors Won Big In 2021
975 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
976 days Food Prices Are Skyrocketing As Putin’s War Persists
978 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
979 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
982 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
983 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
983 days Two ETFs That Could Hedge Against Extreme Market Volatility
985 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…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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: Trying to Form a Base

By - Jun 18, 2013, 5:46 AM CDT

USD/JPY has thus far held above its recent low at 93.79. However, the succession of lower high is still in place. A break of the resistance at 95.81 is needed to improve the technical configuration. Another resistance can be found at 97.02 (see also the declining trendline). Supports are at 93.79 (13/06/2013 low) 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