FED: January Minutes: Comfort With Funding Market Developments (3/3)

• RES 4: 160.21 2.236 proj of the Dec 5 - 9 - 16 price swing
• RES 3: 160.00 3.000 proj of the Sep 17 - 26 - Oct 1 price swing
• RES 2: 159.60 2.000 proj of the Dec 5 - 9 - 16 price swing 
• RES 1: 159.45 Jan 14 cycle high
• PRICE: 158.05 @ 17:38 GMT Jan 19 
• SUP 1: 157.28/155.92 20- and 50-day EMA values
• SUP 2: 154.35 Low Dec 5 and a reversal trigger  
• SUP 3: 153.62 Low Nov 14 
• SUP 4: 152.82 Low Nov 7

The trend in USDJPY remains bullish and the latest move down is considered corrective. Recent gains resulted in a breach of resistance at 157.89, the Nov 20 high. This  maintains the price sequence of higher highs and higher lows. Note that moving average studies are in a bull-mode position, highlighting a dominant uptrend. Sights are on the 160.00 handle next,  a Fibonacci projection. Key support to watch is 155.92, the 50-day EMA.  

• WTI Crude down $0 or 0% at $59.44
• Natural Gas up $0.49 or +15.66% at $3.57
• Gold spot up $77.32 or +1.68% at $4673.92
• Copper up $7.5 or +1.29% at $590.5
• Silver up $4.24 or +4.7% at $94.362
• Platinum up $33.59 or +1.44% at $2374.49

• Japan's NIKKEI closed lower by 352.6 pts or -0.65% at 53583.57 and the TOPIX ended 2.28 pts lower or -0.06% at 3656.4.
• Elsewhere, in China the SHANGHAI closed higher by 12.087 pts or +0.29% at 4114 and the HANG SENG ended 281.06 pts lower or -1.05% at 26563.9.
• Across Europe, Germany's DAX trades lower by 338.07 pts or -1.34% at 24959.06, FTSE 100 lower by 39.94 pts or -0.39% at 10195.35, CAC 40 down 146.92 pts or -1.78% at 8112.02 and Euro Stoxx 50 down 103.63 pts or -1.72% at 5925.82.
• Dow Jones mini down 401 pts or -0.81% at 49146, S&P 500 mini down 63.5 pts or -0.91% at 6913.25, NASDAQ mini down 290.75 pts or -1.13% at 25398.25.