Commodity Prices

Gold •359 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,351.90	-63.10	-4.46%
WTI Crude •9 hours	65.52	+0.28	+0.43%
Gasoline •9 hours	2.090	-0.009	-0.44%
Ethanol •359 days	2.161	+0.000	+0.00%
Silver •359 days	30.82	+1.16	+3.92%

Silver • 359 days	30.82	+1.16	+3.92%
Copper • 359 days	4.530	+0.111	+2.51%
Brent Crude • 8 hours	67.77	+0.04	+0.06%
Natural Gas • 9 hours	3.739	+0.213	+6.04%
Heating Oil • 9 hours	2.307	-0.053	-2.24%

Headlines

744 days Will The ECB Continue To Hike Rates?
744 days Forbes: Aramco Remains Largest Company In The Middle East
746 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,146 days Could Crypto Overtake Traditional Investment?
1,150 days Americans Still Quitting Jobs At Record Pace
1,152 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,155 days Is The Dollar Too Strong?
1,156 days Big Tech Disappoints Investors on Earnings Calls
1,157 days Fear And Celebration On Twitter as Musk Takes The Reins
1,158 days China Is Quietly Trying To Distance Itself From Russia
1,159 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,162 days Crypto Investors Won Big In 2021
1,163 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,164 days Food Prices Are Skyrocketing As Putin’s War Persists
1,166 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,166 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,169 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,170 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,170 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,172 days Are NFTs About To Take Over Gaming?

The Problem With Modern Monetary Theory

Modern monetary theory has been…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

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 - Collapsing

By - Apr 28, 2016, 5:34 AM CDT

USD/JPY has declined sharply on BoJ rate decision. The pair is now targeting hourly support at 107.68 (07/04/2016 low). Resistance can be found at 111.88 (intraday high). 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).

Daily Technical Report