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For the 24 hours to 23:00 GMT, the USD declined 0.26% against the JPY and closed at 107.13.

In the Asian session, at GMT0300, the pair is trading at 107.05, with the USD trading 0.07% lower against the JPY from yesterday's close.

Early morning data revealed that Japan's final industrial production came in flat on a monthly basis in February, while the preliminary print had recorded an advance of 4.1%. In the previous month, industrial production had recorded a drop of 6.8%.

The pair is expected to find support at 106.88, and a fall through could take it to the next support level of 106.70. The pair is expected to find its first resistance at 107.32, and a rise through could take it to the next resistance level of 107.58.

Moving ahead, traders would focus on Japan's trade balance data for March, due to release overnight.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, the USD declined 0.31% against the CHF and closed at 0.9598.

In economic news, Switzerland's producer and import price index fell 0.2% MoM in March, compared to a rise of 0.3% in the prior month.

In the Asian session, at GMT0300, the pair is trading at 0.9601, with the USD trading slightly higher against the CHF from yesterday's close.

The pair is expected to find support at 0.9574, and a fall through could take it to the next support level of 0.9547. The pair is expected to find its first resistance at 0.9632, and a rise through could take it to the next resistance level of 0.9663.

Amid no macroeconomic releases in Switzerland today, trading trend in the Swiss Franc is expected to be determined by global macroeconomic events.

The currency pair is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average

For the 24 hours to 23:00 GMT, the USD declined 0.32% against the CAD and closed at 1.2569.

In the Asian session, at GMT0300, the pair is trading at 1.2572, with the USD trading marginally higher against the CAD from yesterday’s close.

The pair is expected to find support at 1.2546, and a fall through could take it to the next support level of 1.2521. The pair is expected to find its first resistance at 1.2610, and a rise through could take it to the next resistance level of 1.2649.

Going ahead, traders would look forward to Canada’s manufacturing shipments data for February, due to release later in the day.

The currency pair is trading below its 20 Hr and 50 Hr moving averages.

For the 24 hours to 23:00 GMT, Gold declined 0.07% against the USD and closed at USD1348.90 per ounce, amid strength in US equities.

In the Asian session, at GMT0300, the pair is trading at 1349.60, with gold trading 0.05% higher against the USD from yesterday’s close.

The pair is expected to find support at 1344.43, and a fall through could take it to the next support level of 1339.27. The pair is expected to find its first resistance at 1354.13, and a rise through could take it to the next resistance level of 1358.67.

The yellow metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.

Daily Pivots: (S1) 106.89; (P) 107.24; (R1) 107.46; More...

Outlook in USD/JPY remains unchanged. With 106.64 minor support intact, rebound from 104.62 could extend higher. But 38.2% retracement of 114.73 to 104.62 at 108.48 9 which is close to 108.12, remains crucial in determining the medium outlook. Break of 106.64, however, will indicate the rebound from 104.62 has completed. And in that case, bias will be turned back to the downside for retesting 104.62.

In the bigger picture, as long as 108.12 support turned resistance holds, the medium term down trend from 118.65 (2016 high) should still continue lower, at least to retest 98.97 (2016 low). However, sustained break of 108.12 will be an early sign of medium term reversal. In that case, further rise would be seen to 114.73 resistance to confirm completion of the fall from 118.65.

For the 24 hours to 23:00 GMT, Silver rose 0.09% against the USD and closed at USD16.69 per ounce.

In the Asian session, at GMT0300, the pair is trading at 16.69, with silver trading flat against the USD from yesterday’s close.

The pair is expected to find support at 16.56, and a fall through could take it to the next support level of 16.44. The pair is expected to find its first resistance at 16.79, and a rise through could take it to the next resistance level of 16.89.

The white metal is showing convergence with its 20 Hr moving average and trading above its 50 Hr moving average.

For the 24 hours to 23:00 GMT, Crude Oil declined 0.63% against the USD and closed at USD66.43 per barrel, amid easing tensions surrounding Syria.

In the Asian session, at GMT0300, the pair is trading at 66.53, with oil trading 0.15% higher against the USD from yesterday’s close, amid potential supply disruptions in the Middle East.

The pair is expected to find support at 66.12, and a fall through could take it to the next support level of 65.70. The pair is expected to find its first resistance at 66.96, and a rise through could take it to the next resistance level of 67.38.

Crude oil is showing convergence with its 20 Hr moving average and trading below its 50 Hr moving average.

Daily Pivots: (S1) 0.9571; (P) 0.9604; (R1) 0.9631; More...

Intraday bias in USD/CHF remains neutral as it's staying in range of 0.9533/9648. On the downside, break of 0.9533 minor support should indicate rejection by 0.9626 key fibonacci resistance. Intraday bias would then be turned to the downside side for 0.9432 support. Further break there will turn near term outlook bearish for retesting 0.9186 low. On the upside, sustained trading above 0.9626 will be another evidence of larger reversal. In that case, further rally should be seen back to next fibonacci level at 0.9900.

In the bigger picture, fall from 1.0342 is seen as a medium term down trend. Main focus is on 38.2% retracement of 1.0342 (2016 high) to 0.9186 (2018 low) at 0.9626. Sustained break there will add to the case of trend reversal and target 61.8% retracement at 0.9900 and above. However, rejection from 0.9626 will maintain medium term bearishness for another low below 0.9186.

Daily Pivots: (S1) 1.2335; (P) 1.2364 (R1) 1.2408; More....

Intraday bias in EUR/USD remains neutral with focus on 1.2396 resistance. Break there will resume the rise from 1.2214. IN that case, EUR/USD will likely surge through 1.2475 to 1.2516/2555 key resistance zone. On the downside, break of 1.2302 minor support will indicate completion of the rebound from 1.2214. Intraday bias would be turned back to the downside for 1.2214. Firm break there will revive the bearish case of trend reversal.

In the bigger picture, key fibonacci level at 38.2% retracement of 1.6039 (2008 high) to 1.0339 (2017 low) at 1.2516 remains intact despite attempts to break. Hence, rise from 1.0339 medium term bottom is still seen as a corrective move for the moment. Rejection from 1.2516 will maintain long term bearish outlook and keep the case for retesting 1.0039 alive. Firm break of 1.1553 support will add more medium term bearishness. However, sustained break of 1.2516 will carry larger bullish implication and target 61.8% retracement of 1.6039 to 1.0339 at 1.3862 in medium term.

Daily Pivots: (S1) 1.4261; (P) 1.4302; (R1) 1.4379; More....

GBP/USD's rally continues to as high as 1.4353 so far and breach of 1.4345 indicates resumption of medium term up trend. Intraday bias stays on the upside for 61.8% projection of 1.3038 to 1.4345 from 1.3711 at 1.4519 next. On the downside, below 1.4236 minor support will turn intraday bias neutral again. But retreat should be contained well above 1.3964 support to bring another rally.

In the bigger picture, rise from 1.1946 (2016 low) is in progress and resuming. It is at least correcting the long term down trend from 2007 high at 2.1161. Further rally would be seen back to 38.2% retracement of 2.1161 (2007 high) to 1.1946 (2016 low) at 1.5466. We'd continue to favor this medium term bullish view as long as 1.3711 support holds, even in case of deep pull back.