Commodity Prices

Gold •19 mins	2,045.30	-2.60	-0.13%
Platinum •19 mins	912.30	+18.60	+2.08%
WTI Crude •20 mins	69.34	-0.04	-0.06%
Gasoline •20 mins	2.001	-0.029	-1.43%
Ethanol •19 mins	2.161	+0.000	+0.00%
Silver •19 mins	24.13	-0.10	-0.43%

Silver • 19 mins	24.13	-0.10	-0.43%
Copper • 19 mins	3.800	+0.065	+1.74%
Brent Crude • 10 mins	74.45	+0.15	+0.20%
Natural Gas • 20 mins	2.585	+0.016	+0.62%
Heating Oil • 20 mins	2.549	-0.027	-1.05%

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USD/JPY - Recovery Rally

By - Mar 01, 2017, 6:26 AM CST

USD/JPY is showing limited short -terms buying interest after reversing off base lows. Key resistance is given at 115.62 (19/01/2016 high). The technical structure suggests further weakness around support given at 111.36 (28/11/2017 low).

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).

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