Commodity Prices

Gold •10 mins	1,958.00	+4.20	+0.21%
Platinum •10 mins	972.50	-10.00	-1.02%
WTI Crude •10 mins	73.22	+0.41	+0.56%
Gasoline •43 mins	2.676	-0.008	-0.30%
Ethanol •13 hours	2.161	+0.000	+0.00%
Silver •10 mins	23.17	+0.03	+0.11%

Silver • 10 mins	23.17	+0.03	+0.11%
Copper • 10 mins	4.064	-0.015	-0.37%
Brent Crude • 10 mins	78.55	+0.43	+0.55%
Natural Gas • 10 mins	2.064	-0.024	-1.15%
Heating Oil • 16 mins	2.772	+0.002	+0.06%

Headlines

323 days Could Crypto Overtake Traditional Investment?
328 days Americans Still Quitting Jobs At Record Pace
330 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
333 days Is The Dollar Too Strong?
333 days Big Tech Disappoints Investors on Earnings Calls
334 days Fear And Celebration On Twitter as Musk Takes The Reins
335 days China Is Quietly Trying To Distance Itself From Russia
336 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
340 days Crypto Investors Won Big In 2021
340 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
341 days Food Prices Are Skyrocketing As Putin’s War Persists
343 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
344 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
347 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
348 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
348 days Two ETFs That Could Hedge Against Extreme Market Volatility
350 days Are NFTs About To Take Over Gaming?
351 days Europe’s Economy Is On The Brink As Putin’s War Escalates
354 days What’s Causing Inflation In The United States?
355 days Intel Joins Russian Exodus as Chip Shortage Digs In

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

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 - Ready For Another Leg Lower

By - Mar 23, 2017, 6:08 AM CDT

USD/JPY has failed to break key resistance given at 115.62 (19/01/2016 high) confirming persistent selling pressures. The pair has broken strong support at 111.36 (28/11/2016 low). Hourly resistance can be located at 113.57 (16/03/2017 high).

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