Commodity Prices

Gold •690 days	2,368.70	+35.30	+1.51%
Platinum •10 mins	1,976.10	+36.40	+1.88%
WTI Crude •11 mins	91.06	-5.54	-5.73%
Gasoline •12 mins	3.307	-0.147	-4.25%
Ethanol •690 days	2.161	+0.000	+0.00%
Silver •690 days	30.82	+1.16	+3.92%

Silver • 690 days	30.82	+1.16	+3.92%
Copper • 690 days	4.530	+0.111	+2.51%
Brent Crude • 11 mins	97.52	-6.02	-5.81%
Natural Gas • 11 mins	2.924	+0.017	+0.58%
Heating Oil • 12 mins	3.747	-0.141	-3.62%

Headlines

1,075 days Will The ECB Continue To Hike Rates?
1,075 days Forbes: Aramco Remains Largest Company In The Middle East
1,077 days Caltech Scientists Succesfully Beam Back Solar Power From Space
1,477 days Could Crypto Overtake Traditional Investment?
1,482 days Americans Still Quitting Jobs At Record Pace
1,484 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
1,487 days Is The Dollar Too Strong?
1,487 days Big Tech Disappoints Investors on Earnings Calls
1,488 days Fear And Celebration On Twitter as Musk Takes The Reins
1,490 days China Is Quietly Trying To Distance Itself From Russia
1,490 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
1,494 days Crypto Investors Won Big In 2021
1,494 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
1,495 days Food Prices Are Skyrocketing As Putin’s War Persists
1,497 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
1,498 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
1,501 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
1,502 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
1,502 days Two ETFs That Could Hedge Against Extreme Market Volatility
1,504 days Are NFTs About To Take Over Gaming?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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 - Continued Weakness

By - Jun 01, 2017, 8:01 AM CDT

USD/JPY has exited the symmetrical triangle and keeps pushing lower. Hourly support is given at 110.24 (18/05/2017 low). Stronger support is located at 108.13 (17/04/2017 low). Other key supports lie at a distant 106.04 (11/11/2016 low). The road is wide-open for further decline.

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