USD/JPY is trading at 143.396, 0.12% down since previous day close. The YEN weakened against the USD as market waits for the result of U.S CPI data which is to be issued on Thursday. On data front, the Japan’s Average Cash Earnings grew by just 2.3% from 3.1% in the previous month while the Current Account surplus rose to 2.35T from 1.70T previously. These slightly weakened the pair to some extent. Globally, uncertain Fed monetary outlook & ongoing Chinese stimulus talks made the currencies volatile. The result of Money Stock data will remain in focus. As seen in the chart, the pair plunged down to long-term MA (100) which acts as a major seems to be taking a support of Fibo level 23.6 which acts as a major support level & hence, slight selling may be seen in YEN against the USD.

CHNIND is trading at 6626.3, 0.11% down since previous close. The Chinese shares slid down despite strong outcome of Trade Balance data wherein the exports exceed the imports by 576B.  Globally, upcoming U.S CPI data release event which is to be held on Thursday remains vital for world indices. However, the focus remains on ongoing stimulus talks to be provided to Beijing in order to boost up the economic conditions. This might remain supportive for CHNIND later on. The Chian is to issue its CPI & PPI data on Wednesday which will be closely monitored. As seen in the chart, the CHNIND slid down till long-term Moving Averages of period 100 & 200 & hence, signals for a make-or-break situation on daily basis. The cautious trading may be adopted for the day in CHNIND.

WTI Oil is trading at $82.02, 0.06% down since previous day close. The Oil prices retreated slightly on Tuesday ahead of the release of U.S American Petroleum Institute (API) report which will show the changes in Oil stocks level as compared to last week. The recent U.S Baker Hughes report showed a mild drop-down in Oil rig counts by 4 leading to 525 from 529 in the previous week. Last week, the Saudi Arabia & Russia extended their oil output & supply cut till end-December in OPEC-JMMC meeting which cushioned the prices. Upcoming U.S CPI data release event will remain significant for overall market instruments. The sideways trading may be observed for the day in WTI Oil.