USD/JPY is trading at 130.575, 0.09% up since previous day close. The YEN strengthened against the USD on Monday after news spurred in that the SVB would be take-over by its peer First Citizen Bank; which boosted the market sentiments. In Japan, the Flash Manufacturing PMI rose to 48.6 from 47.7 in the previous month which may turn up positive for Japanese YEN. Globally, the Fed hiked its interest rate by 25 bps as expected whereas hinted to continue with cautious approach further in order to ease down inflation rate. As seen in the chart, the pair is consistently taking a resistance at Fibo level 61.8 which indicates slight buying bias in YEN against the USD for the day.

US100 is trading at 12802.3, 0.02% up since previous close. The flat to higher trading can be seen in U.S markets after the Silicon Valley Bank (SVB) is said to be taken over by First Citizen Bank which improved the ruction situation in banking crisis. The U.S Flash Manufacturing PMI rose to 49.3 & Flash Services PMI rose to 53.8 from 47.3 & 50.6 respectively in previous month. Last week, the Fed raised interest rate by 25bps & the mixed statement from U.S Treasury Secretary Janet Yellen towards measures over deposits led sideways trading in global markets. The result of Consumer Confidence data will be closely monitored on Tuesday. Buying bias may be recommended in US100 on daily basis since the index is still trading in a bullish channel pattern.

WTI Oil is trading at $72.78, 0.11% up since previous day close. The Oil prices inched up on Monday as global sentiments improved which may revive the consumption demand of Oil. The recent U.S Baker Hughes report showed a rise in Oil rig counts by 4 leading to 593 from 589 in the previous week. Last week, the U.S holds off refiling its Strategic Petroleum Reserves (SPR) & may take several years to refill the same which dragged down the prices. The result of U.S American Petroleum Institute (API) report will remain in focus for the day. As seen in the chart, the Oil is trading Fibo level 50.0 which acts as crucial level indicating make or break situation. Wait & watch strategy may be adopted for the day in WTI Oil.