USD/JPY consolidates gains above the 108.00 figure. The level to beat for buyers is the 109.50 resistance. USD/JPY bull trend stays intact as the spot trades above the 108.00 handle and the 50/200 SMAs on the four chart.
Despite probing the multi-year high, marked on Thursday, Gold prices near the key resistances while taking rounds to $1,685 at the start of Friday’s Asian session. The Good Friday holidays in major markets are expected to limit the yellow metal’s moves.
The price of crude oil reversed sharply and tumbled further into the settlement. The WTI barrel traded on Thursday as high as $28.30 and settle at $22.76, a decline of 9%. In the futures market, WTI was trading around $23.30, still making sharp moves, moving modestly away from the low it hit at $22.58.