Commodity Prices

Gold •776 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,724.60	-9.20	-0.53%
WTI Crude •11 mins	85.60	+0.66	+0.78%
Gasoline •24 mins	3.308	+0.006	+0.18%
Ethanol •776 days	2.161	+0.000	+0.00%
Silver •776 days	30.82	+1.16	+3.92%

Silver • 776 days	30.82	+1.16	+3.92%
Copper • 776 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	91.63	+0.61	+0.67%
Natural Gas • 11 mins	2.785	+0.009	+0.32%
Heating Oil • 40 mins	4.498	+0.048	+1.08%

Headlines

1,161 days Will The ECB Continue To Hike Rates?
1,161 days Forbes: Aramco Remains Largest Company In The Middle East
1,163 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,563 days Could Crypto Overtake Traditional Investment?
1,567 days Americans Still Quitting Jobs At Record Pace
1,569 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,572 days Is The Dollar Too Strong?
1,573 days Big Tech Disappoints Investors on Earnings Calls
1,574 days Fear And Celebration On Twitter as Musk Takes The Reins
1,575 days China Is Quietly Trying To Distance Itself From Russia
1,576 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,579 days Crypto Investors Won Big In 2021
1,580 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,581 days Food Prices Are Skyrocketing As Putin’s War Persists
1,583 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,583 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,586 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,587 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,587 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,589 days Are NFTs About To Take Over Gaming?

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

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