USD/JPY is trading at 142.57, 2.67% down since previous day close. During Monday’s European session, the USD/JPY exchange rate dropped by more than 3%. Growing Middle East turmoil reduces risk appetite and strengthens the Japanese yen, which has already benefited from the BOJ-Fed policy difference. The market is in an oversold zone, according to daily chart analysis. A negative trend is indicated by the market’s position below the 50-day moving average. Support is at 142.06, while the nearest resistance is at 146.57.

GER30 is trading at 17243, 2.54% down since previous day close. August 5, Monday: The US services sector may have an impact on market risk perception and the course of the Fed rate. A global recession has caused markets in Asia to plunge, sending European share futures into freefall. The market opens with a gap downward and moves below the 50-day moving average, which suggests a negative outlook, according to the daily chart analysis. There is 17655 resistance and 17205 support in the closest proximity.

WTI is trading at 73.02, 2.21% down since previous day close.  Intermediate crude from West Texas Monday’s oil price is trading at about 73.10 per barrel. Because of growing supply uncertainties brought on by Middle Eastern geopolitical unrest, the decline in oil prices may be restrained. Increased supply from OPEC+, a possible nuclear agreement with Iran, and a strengthening dollar will keep prices low. The daily chart analysis indicates that the resistance is 77.88 and the greatest support is 72.55. If it breaks, it might hit 70.33.