1. USD/JPY Analysis:

News Summary:

The Bank of Japan signaled in the minutes of last week's Policy Board meeting that further interest rate hikes may be necessary. At last week's meeting, the BOJ raised its policy rate to the highest level since 1995. According to the minutes released on Wednesday, one board member noted that with core CPI inflation now approaching the 2% target and financial conditions remaining accommodative, the central bank should continue raising policy rates in response to current economic, inflation, and financial conditions.

Trend Analysis:

On the H4 chart, we can see USD/JPY remains range-bound at elevated levels, continuing to trade above the 48 hours moving average. In addition, the MACD double line and energy 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: [161.00]

Key Resistance Levels: [162.70]
Pivot Points [161.20]

2. Crude Oil Analysis:

News Summary:

The International Energy Agency’s data showed that even before the temporary peace agreement between the U.S. and Iran, the UAE’s external crude supply had already recovered significantly. By early June, its export volume had rebounded to about 85% of pre-conflict levels, indicating that the severe supply disruption previously feared by the market had not materialized. This recovery was mainly supported by adjustments to infrastructure and shipping routes. The rebound in export capacity was partly attributed to a pipeline that bypasses the Strait of Hormuz and leads directly to the port of Fujairah.

Trend Analysis:

We can see crude oil remains in a volatile pullback on the H4 chart and is trading below the 48 hours moving average. Meanwhile, both the MACD double line and histogram bars are gradually expanding below the zero axis. The buy limit could be set, stop loss is mandatory.

Today's Key Price Levels:

Key Support Levels: [70.00]

Key Resistance Levels: [77.00]

Pivot Points [72.00]