USD/JPY is trading at 144.918, 0.21% down since previous day close. The wide selling can be seen in YEN against the strong USD amid rising chances of more hawkish Fed monetary on an account of inflationary pressure. Also, the slowing economic progress in China & sluggish Chinese property sector made the YEN weaker since China & Japan are the trading partners. The dovish Bank of Japan (BoJ) monetary stance over keeping an interest rate unchanged at -0.10% widely weakens the pair USD/JPY. The result of Prelim GDP data will remain in focus on Tuesday. As seen in the chart, the pair reversed up; surpassing the Fibo level 23.6 which acts as a major support level & hence, slight selling momentum may be observed in YEN against the USD on an intraday basis.

GER30 is trading at           15810, 0.12% down since previous day close. The sell-off can be observed in European markets on Monday amid soft global sentiments. Majorly, the weak tech sector & property sector losses in China made the overall market instruments weaker. Besides this, the growing inflation rate in U.S & rising chances of hawkish Fed monetary stance led selling pressure in equity markets. Last week, the German Final CPI remained steady at 0.3% as expected while the focus will be on German WPI data which is to be released today. As seen in the chart, the index slid down below long-term MA (100) which acts as a major support level & hence, slight selling bias may be continued further. However, the 15750 level can be considered as a support zone.

WTI Oil is trading at $82.25, 0.08% down since previous day close. The strong USD on rising chances of more hawkish monetary stance in future FOMC meetings made the dollar denominated commodities like WTI Oil weaker. The U.S showed a mild progress in CPI data; which suppressed the energy commodities. Last week, the Saudi Arabia & Russia extended their oil output & supply cut till end-December in OPEC-JMMC meeting which cushioned the prices. The focus will be on U.S API & EIA reports which are the be released in this week. Wait & watch strategy may be build-up for the day in WTI oil since the commodity is trading near MA (10) which acts as a make-or-break point.