Commodity Prices

Gold •292 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	958.80	-8.30	-0.86%
WTI Crude •13 mins	63.94	+0.86	+1.36%
Gasoline •10 mins	2.094	+0.029	+1.41%
Ethanol •292 days	2.161	+0.000	+0.00%
Silver •292 days	30.82	+1.16	+3.92%

Silver • 292 days	30.82	+1.16	+3.92%
Copper • 292 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.08	+0.82	+1.24%
Natural Gas • 10 mins	3.030	+0.014	+0.46%
Heating Oil • 10 mins	2.146	+0.037	+1.76%

Headlines

677 days Will The ECB Continue To Hike Rates?
677 days Forbes: Aramco Remains Largest Company In The Middle East
679 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,079 days Could Crypto Overtake Traditional Investment?
1,084 days Americans Still Quitting Jobs At Record Pace
1,086 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,089 days Is The Dollar Too Strong?
1,089 days Big Tech Disappoints Investors on Earnings Calls
1,090 days Fear And Celebration On Twitter as Musk Takes The Reins
1,092 days China Is Quietly Trying To Distance Itself From Russia
1,092 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,096 days Crypto Investors Won Big In 2021
1,096 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,097 days Food Prices Are Skyrocketing As Putin’s War Persists
1,099 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,100 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,103 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,104 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,104 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,106 days Are NFTs About To Take Over Gaming?

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Is The Bull Market On Its Last Legs?

This aging bull market may…

The Problem With Modern Monetary Theory

Modern monetary theory has been…

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: Second Upleg Underway?

By - Mar 24, 2014, 4:51 AM CDT

USD/JPY has bounced sharply near the key support at 101.20. Monitor the hourly resistance at 102.68, as a break would favour a second upleg towards 103.42. Another resistance stands at 103.76. An hourly support lies at 102.02 (21/03/2014 low).

A long-term bullish bias is favoured as long as the key support area given by the 200 day moving average (around 100.48) and 99.57 (see also the rising trendline from the 93.79 low (13/06/2013)) holds. A major resistance stands at 110.66 (15/08/2008 high).

Daily Technical Report