Commodity Prices

Gold •10 mins	1,330.50	+6.50	+0.49%
Platinum •10 mins	931.80	+9.40	+1.02%
WTI Crude •11 mins	68.57	-0.07	-0.10%
Gasoline •11 mins	2.122	-0.004	-0.21%
Ethanol •22 mins	1.470	-0.020	-1.34%
Silver •10 mins	16.69	+0.10	+0.59%

Silver • 10 mins	16.69	+0.10	+0.59%
Copper • 10 mins	3.140	+0.029	+0.93%
Brent Crude • 11 mins	74.04	+0.03	+0.04%
Natural Gas • 11 mins	2.805	+0.030	+1.08%
Heating Oil • 10 mins	2.136	+0.004	+0.19%

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USD/JPY - Bullish Breakout

By - Apr 22, 2016, 5:43 AM CDT

USD/JPY has broken hourly resistance at 109.90 (07/04/2016 high). Hourly support can be found at 107.68 (07/04/2016 low). Yet, the medium-term momentum is clearly bearish. Selling pressures are clearly fading. Expected to show further increase.

We favour a long-term bearish bias. Support at 105.23 (15/10/2014 low) is on target. A gradual rise towards the major resistance at 135.15 (01/02/2002 high) seems now less likely. Another key support can be found at 105.23 (15/10/2014 low).

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