USD/JPY is trading at 150.927, 0.12% down since previous day close. The downward momentum can be seen in YEN post release of weaker Current Account data which showed lower exports versus higher imports. The soft Chinese Trade Balance & Inflation data weakens the USD/JPY since China & Japan are the trading partners. Globally, uncertain U.S FOMC monetary outlook & ongoing geopolitical tension between Hamas & Israel remains vital for safe-haven currencies like CHF & YEN. As seen in the chart, the pair is hovering within the channel pattern & is consistently trading above the short-term Moving Averages of period 10 & 20 which indicates a further upside if sustained above the current levels. Slight selling bias may be recommended in YEN against the USD for the day.

CHNIND is trading at 6030.3, 0.13% down since previous close. The Chinese shares soars down post release of inflation data wherein the CPI rate fell by 0.2% weaker than the expected fall of 0.1% & the PPI rate dropped by 2.6% from 2.5% in the previous month. Earlier in a week, the Chinese Trade Balance showed a lower export against the higher imports which scaled down the CHNIND. Globally, uncertain Fed monetary outlook & ongoing geopolitical tension between Israel & Hamas remains vital for equity markets. As seen in the chart, although the index retraced down yet it seems to be sustaining the level of MA (10) & MA (20). The cautious trading may be recommended for the day in CHNIND since either side breakout can be seen.

WTI Oil is trading at $75.53, 0.06% down since previous day close. The losses continued to be seen in Oil prices as weaker Chinese Trade Balance & inflation data may affect the Oil demand; for China is a top Oil consuming country. The U.S American Petroleum Institute (API) report showed a massive rise in Oil stocks level by 11.90 mbpd against the expected fall of 0.30 mbpd. Last week, the Oil traded on higher side as Saudi Arabia & Russia sticks to the plan of output cut in near term which may affect the Oil supplies. Escalating tension between Hamas & Israel may remain vital for Oil prices. Selling bias may be established for the day in WTI Oil since the commodity is trading below the major Moving Averages.