Commodity Prices

Gold •10 mins	1,983.80	-12.10	-0.61%
Platinum •10 mins	990.30	-6.70	-0.67%
WTI Crude •17 hours	69.26	-0.70	-1.00%
Gasoline •17 hours	2.589	-0.017	-0.67%
Ethanol •17 hours	2.161	+0.000	+0.00%
Silver •10 mins	23.34	+0.08	+0.36%

Silver • 10 mins	23.34	+0.08	+0.36%
Copper • 10 mins	4.075	-0.049	-1.18%
Brent Crude • 17 hours	74.99	-0.92	-1.21%
Natural Gas • 17 hours	2.216	+0.062	+2.88%
Heating Oil • 17 hours	2.695	+0.011	+0.39%

Headlines

320 days Could Crypto Overtake Traditional Investment?
325 days Americans Still Quitting Jobs At Record Pace
327 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
330 days Is The Dollar Too Strong?
330 days Big Tech Disappoints Investors on Earnings Calls
331 days Fear And Celebration On Twitter as Musk Takes The Reins
333 days China Is Quietly Trying To Distance Itself From Russia
333 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
337 days Crypto Investors Won Big In 2021
337 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
338 days Food Prices Are Skyrocketing As Putin’s War Persists
340 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
341 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
344 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
345 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
345 days Two ETFs That Could Hedge Against Extreme Market Volatility
347 days Are NFTs About To Take Over Gaming?
348 days Europe’s Economy Is On The Brink As Putin’s War Escalates
351 days What’s Causing Inflation In The United States?
352 days Intel Joins Russian Exodus as Chip Shortage Digs In

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

Trader Compares Current Market Environment To 2007

It’s a mistake to view…

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: 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