Commodity Prices

Gold •358 days	2,368.70	+35.30	+1.51%
Platinum •15 mins	1,438.20	+95.20	+7.09%
WTI Crude •10 mins	65.35	+0.43	+0.66%
Gasoline •10 mins	2.105	+0.022	+1.08%
Ethanol •358 days	2.161	+0.000	+0.00%
Silver •358 days	30.82	+1.16	+3.92%

Silver • 358 days	30.82	+1.16	+3.92%
Copper • 358 days	4.530	+0.111	+2.51%
Brent Crude • 10 mins	67.87	+0.19	+0.28%
Natural Gas • 10 mins	3.277	-0.129	-3.79%
Heating Oil • 10 mins	2.364	+0.068	+2.94%

Headlines

742 days Will The ECB Continue To Hike Rates?
742 days Forbes: Aramco Remains Largest Company In The Middle East
744 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,144 days Could Crypto Overtake Traditional Investment?
1,149 days Americans Still Quitting Jobs At Record Pace
1,151 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,154 days Is The Dollar Too Strong?
1,154 days Big Tech Disappoints Investors on Earnings Calls
1,155 days Fear And Celebration On Twitter as Musk Takes The Reins
1,157 days China Is Quietly Trying To Distance Itself From Russia
1,157 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,161 days Crypto Investors Won Big In 2021
1,161 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,162 days Food Prices Are Skyrocketing As Putin’s War Persists
1,164 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,165 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,168 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,169 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,169 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,171 days Are NFTs About To Take Over Gaming?

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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 - Holding Below 120.00

By - Jan 05, 2016, 5:52 AM CST

USD/JPY selling pressure continues. Shortterm technical structure suggests a stronger downside momentum. Hourly support can be found at 118.07 (15/10/2015 low). Hourly resistance lies at 123.76(18/11/2015 high). Expected to further decline towards hourly support at 118.07.

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