USD/JPY is trading at 161.68, 0.13% up since previous day close. Suggesting upward momentum, according to the analysis of the daily chart, which indicates a bullish bias. The positive business confidence data from Japan could boost market sentiment and cause the JPY to rise. Furthermore, the anticipated rumours of a Japanese government intervention soon support the JPY and restrict the upside of the USD/JPY pair. The closest support and resistance levels for this pair are 160.65 and 161.93, respectively.

US100 is trading at 19761, 0.08% down since previous day close. Ahead of a slew of economic data this week that could provide hints about the possibility of a FED interest rate cut, and in the wake of France’s historic elections, global stocks edged higher in choppy trading on Monday. Investor confidence in bullish market indices is low after PMI data on Monday’s index shows upward movement. The indexes faced selling pressure from the top and closed slightly higher. The closest support is 19580, and the next resistance is 20000.

WTI is trading at 83.72, 0.17% up since previous day close. Tuesday’s oil prices barely moved, remaining close to the two-month highs hit during the previous session due to anticipations of increased fuel demand due to summer travel and potential interest rate cuts in the US that could spur economic growth. On Tuesday, WTI, the benchmark for US crude oil, is trading at about $83.60. New worries about the geopolitical risks in the Middle East are supporting the increase in the price of WTI. WTI will find support at 81.52 and resistance at 84.92.