USD/JPY is trading at 146.017, 0.03% up since previous day close. The YEN seems to be trading slightly on higher side as USD weakened amid soft U.S ADP data. However, the focus will be on upcoming event of U.S Non-farm Payroll data release due on Friday. On data front, the Japan’s Retail Sales grew by 6.8% from 5.6% in the previous month while the Prelim Industrial Production fell by 2.0% against expectation of 1.2%. These created mixed momentum in USD/JPY. Uncertain FOMC monetary outlook will remain vital for safe haven instruments. As seen in the chart, the pair is trading near major resistance level & hence, make-or-break situation can be seen for the day.

CHNIND is trading at 6324.3, 0.04% down since previous close. The mixed trading can be seen in CHNIND post release of PMI figures. The Manufacturing PMI rose to 49.7 from 49.3 in the previous month while the Non-Manufacturing PMI fell to 51.0 below expectation 51.3. These signaled for steady progress in China’s economic growth. On weekend, the China announced new measures to boost up the stock markets & property sector & hence, pushed up the CHNIND earlier in this week.  The traders will be looking forward to the result of U.S inflation figures & Non-farm Payroll data which are to be out in this week. As seen in the chart, the index seems to be trading above the key Moving Averages of period 10 & 20 & hence, buying on dips may be recommended for the day.

WTI Oil is trading at $81.62, 0.21% up since previous day close. The gains can be seen in Oil prices after U.S issued Energy Information Administration (EAI) report which showed a fall in Oil inventory levels by 10.6 mbpd against the expected fall of 2.2 mbpd. This signaled for shortage in Oil supplies & hence, pushed up the prices. Also, the U.S API report showed bearish Oil stock estimates which remained supportive for prices. Besides this, the potential supply disruptions from Tropical Storm Idalia at Gulf of Mexico further remains vital for prices. As seen in the chart, the Oil successfully crossed over the short-term Moving Averages of period 10 & 20 & hence, buying may be recommended for the day.