Commodity Prices

Gold •819 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,726.70	+7.80	+0.45%
WTI Crude •11 mins	89.60	-0.82	-0.91%
Gasoline •16 mins	3.256	-0.004	-0.13%
Ethanol •819 days	2.161	+0.000	+0.00%
Silver •819 days	30.82	+1.16	+3.92%

Silver • 819 days	30.82	+1.16	+3.92%
Copper • 819 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	97.38	-0.65	-0.66%
Natural Gas • 11 mins	2.987	-0.039	-1.29%
Heating Oil • 6 hours	4.957	+0.059	+1.20%

Headlines

1,204 days Will The ECB Continue To Hike Rates?
1,204 days Forbes: Aramco Remains Largest Company In The Middle East
1,206 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,605 days Could Crypto Overtake Traditional Investment?
1,610 days Americans Still Quitting Jobs At Record Pace
1,612 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,615 days Is The Dollar Too Strong?
1,615 days Big Tech Disappoints Investors on Earnings Calls
1,616 days Fear And Celebration On Twitter as Musk Takes The Reins
1,618 days China Is Quietly Trying To Distance Itself From Russia
1,618 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,622 days Crypto Investors Won Big In 2021
1,622 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,623 days Food Prices Are Skyrocketing As Putin’s War Persists
1,626 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,626 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,629 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,630 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,630 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,632 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 - Sharp Decline

By - Jan 04, 2016, 6:18 AM CST

USD/JPY selling pressure continues. Short-term technical structure suggests a stronger downside momentum. Hourly support at 120.07 (28/10/2015 low) has been broken. Hourly resistance lies at 123.76 (18/11/2015 high). Expected to further decline towards hourly support at 118.07 (15/10/2015 low).

A long-term bullish bias is favored as long as the strong support at 115.57 (16/12/2014 low) holds. A gradual rise towards the major resistance at 135.15 (01/02/2002 high) is favored. A key support can be found at 116.18 (24/08/2015 low).

Daily Technical Report