1. USD/JPY Analysis:

News Summary:

Natixis stated that the U.S.–Israel–Iran conflict has complicated the Bank of Japan’s interest rate decision this week, as uncertainty has intensified amid multiple headwinds to economic growth. The conflict is likely to trigger cost-push inflation in Japan, which may prompt the Bank of Japan to consider raising interest rates to stabilize the yen and curb imported inflation. However, with rising oil prices putting pressure on private consumption and corporate investment, any pre-emptive rate hike could undermine the momentum of nominal wage growth.

Trend Analysis:

We can see USD/JPY on the H4 chart is running at high levels and remains above the 48 hours moving average. In addition, the MACD double line and histogram bars are expanding above the zero axis. The buy limit could be placed, stop loss is necessary.

Today's Key Price Levels:

Key Support Levels: [158.70]

Key Resistance Levels: [160.80]
Pivot Points [159.20]

2. Crude Oil Analysis:

News Summary:

Fitch Ratings stated that if the oil price surge triggered by the Middle East conflict proves to be temporary, a Federal Reserve rate cut in June remains a realistic possibility. The Fed kept interest rates unchanged today as expected, while noting that more time is needed to assess the impact of the conflict on inflation. Officials slightly raised their inflation forecasts, which may partly reflect the recent jump in oil prices as well as some stickiness seen in the latest core PCE data.

Trend Analysis:

On the H4 chart, we can see crude oil consolidating with a slight pullback and remains above the 48 hours moving average. On the other hand, the MACD double line and energy bars are contracting near the zero axis. The sell limit could be set, stop loss is mandatory.

Today's Key Price Levels:

Key Support Levels: [92.00]

Key Resistance Levels: [105.00]

Pivot Points [94.00]