Commodity Prices

Gold •10 mins	1,800.30	-3.70	-0.21%
Platinum •10 mins	1,048.60	-0.90	-0.09%
WTI Crude •11 mins	71.97	+0.32	+0.45%
Gasoline •11 mins	2.312	-0.002	-0.10%
Ethanol •15 hours	2.320	+0.000	+0.00%
Silver •10 mins	24.84	+0.19	+0.77%

Silver • 10 mins	24.84	+0.19	+0.77%
Copper • 10 mins	4.486	-0.059	-1.29%
Brent Crude • 11 mins	74.72	+0.24	+0.32%
Natural Gas • 14 mins	4.000	+0.029	+0.73%
Heating Oil • 11 mins	2.149	+0.005	+0.25%

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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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