USD/JPY is trading at 109.400, 0.18% up since Monday. The cautious market sentiments towards amendment in global corporate tax rate, inflation fears & uncertain Fed monetary outlook turned out to be positive for safe haven currencies. Besides this, the weaker USD amid soft U.S Non-Payroll data cushioned the other basket of currencies. On data front, the Final GDP rate fell by just 1.0% below expectation -1.2% which overshadowed the negative effect of poor Current Account figures. The result of PPI data will remain in focus for the week. As seen in the chart, further downside in the pair may show the next level of 109.00 which also acts as a major support level of lower trend-line of channel pattern. Slight buying in JPY may be recommended against USD for the day.

Soybean is trading at $1570.54, 0.09% down since previous close. The Soybean slid down on Monday after rallying to recent highs amid soft USD. This makes the agri-commodities more expensive. The changing climatic conditions in Argentina affected the Soybean production & supplies which further cushioned the prices since Argentina is a major producer of beans. Unlocking of lockdown in many countries increases consumption of commodities. The mixed Fed monetary stance remains vital for Soybean. As seen in the chart, the commodity seems to be trading on higher side after reversing form Fibo level 61.8 indicating a buying bias with a target of $1650 on daily basis.

AUS200 is trading at 7296, 0.12% up since previous day close. An upside seems to be looms in Asian shares amid global cues. On Monday, the AIG Services Index rose to 61.2 from 61.0 in the previous month & the ANZ Job Advertisements grew by 7.9% from 4.9%. This widely cushioned the index AUS200 since last two trading sessions. On global front, uncertainty hovers over Fed QE tapering talks & monetary policy in the next meet which remains crucial for AUS200. Upcoming release of U.S CPI data & ongoing discussion over global corporate tax rate remains crucial for AUS200. As seen in the chart, the index is sustaining is strongly trading above MA (10) & MA (20) & also, the RSI line is floating near resistance level 70 which indicates a buying bias on corrective dips on daily basis.