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Gold •10 mins	1,571.90	+2.10	+0.13%
Platinum •10 mins	988.90	-6.10	-0.61%
WTI Crude •11 mins	53.22	-0.26	-0.49%
Gasoline •11 mins	1.516	+0.001	+0.08%
Ethanol •1 hour	1.344	-0.003	-0.22%
Silver •10 mins	17.47	+0.01	+0.07%

Silver • 10 mins	17.47	+0.01	+0.07%
Copper • 10 mins	2.562	-0.018	-0.68%
Brent Crude • 11 mins	58.71	-0.10	-0.17%
Natural Gas • 11 mins	1.864	-0.044	-2.31%
Heating Oil • 11 mins	1.707	-0.010	-0.57%

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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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