Commodity Prices

Gold •19 mins	2,309.80	+0.20	+0.01%
Platinum •19 mins	965.30	+2.70	+0.28%
WTI Crude •10 mins	79.08	+0.13	+0.16%
Gasoline •13 mins	2.603	+0.006	+0.23%
Ethanol •6 hours	2.161	+0.000	+0.00%
Silver •19 mins	26.88	+0.05	+0.17%

Silver • 19 mins	26.88	+0.05	+0.17%
Copper • 19 mins	4.492	+0.008	+0.17%
Brent Crude • 10 mins	83.82	+0.15	+0.18%
Natural Gas • 10 mins	2.015	-0.020	-0.98%
Heating Oil • 11 mins	2.448	+0.005	+0.20%

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USD/JPY: The Key Resistance at 99.28 Has Been Broken

By - Jul 02, 2013, 5:23 AM CDT

USD/JPY has broken the key resistance at 99.28 and is moving towards the resistance at 100.46. Hourly supports are at 99.12 (intraday low, see also the rising trendline) and 98.65 (intraday low).

The medium-term overextended nature of this market calls for some caution. However, the sharp rise from the low at 93.79 suggests a strong buying interest. A move towards the resistance area between 102.59 and 103.74 is likely to occur before mid-July (upper house elections).

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