Commodity Prices

Gold •10 mins	1,850.90	-15.20	-0.81%
Platinum •10 mins	908.30	-7.60	-0.83%
WTI Crude •10 mins	91.65	+0.86	+0.95%
Gasoline •10 mins	2.426	+0.026	+1.08%
Ethanol •2 days	2.161	+0.000	+0.00%
Silver •10 mins	21.85	-0.60	-2.67%

Silver • 10 mins	21.85	-0.60	-2.67%
Copper • 10 mins	3.698	-0.040	-1.06%
Brent Crude • 10 mins	93.15	+0.95	+1.03%
Natural Gas • 10 mins	2.903	-0.026	-0.89%
Heating Oil • 10 mins	3.333	+0.033	+0.99%

Headlines

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

Is The Bull Market On Its Last Legs?

This aging bull market may…

Wells Fargo Back In The Spotlight Over Personal Loan Cancellations

Wells Fargo has done it…

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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 - Bearish Pressures

By - Jan 05, 2017, 6:54 AM CST

USD/JPY has weakened and is moving away from hourly resistance given at 118.66 (15/12/2016 high). Hourly support at 116.05 (30/12/2016 low) has been broken. Stronger support lies at 114.74 (12/12/2016 low). Expected to see further downside moves.

We favor a long-term bearish bias. Support is now given at 96.57 (10/08/2013 low). A gradual rise towards the major resistance at 135.15 (01/02/2002 high) seems absolutely unlikely. Expected to decline further support at 93.79 (13/06/2013 low).

Daily Technical Report