USD/JPY is trading at 159.80, 0.13% up since the previous day’s close. The upside for the major is capped by worries that the government will step in to support the Japanese yen. Ahead of the US housing data and the Fed’s peak, traders also appear hesitant. After breaking above 159.00, there is an upward bias in the USD/JPY, which has stoked concerns that the Bank of Japan or Japanese authorities may interfere in the foreign exchange markets. 160.32 would be the next level of resistance. with 158.75 serving as possible support.

US100 is trading at 19800, 0.37% up since the previous day’s close. After brutal selloffs, Nvidia and other AI-related stocks saw a rise on Tuesday, and investors anticipated more signals on the direction of monetary policy based on statements made by Federal Reserve officials and this week’s economic data. Fed Governor Michelle Bowman stated that she is still not expecting the benchmark interest rate in the United States to drop this year. Tuesday is up 1.13%, and it is currently trading in the buying zone as a result of encouraging news from a major tech company about the potential applications of AI. The closest resistance is 19850, and support is for US100 19450.

WTI is trading at 81.56, 0.58% up since previous day close. Following a 1% decline in the previous session due to a strengthening US dollar and poor consumer confidence data, oil prices are now gradually rising. Increased geopolitical tensions and the likelihood of a tightening market in the third quarter continue to support the benchmarks. Gains, however, are limited by uncertainty surrounding the timing and scope of interest rate cuts in the US. The closest support is 80.40, and WTI could reach 83.63 if it breaks the 82.26.