FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Our calculations at FxWirePro strongly suggests that despite the initial upside momentum, the USD/JPY exchange rate is trapped in a Bull/Bear fight over short-term control. While 2-year yield spread (U.S. - Japan) is playing a crucial role, the ongoing trade tensions between the United States and China is also helping the yen to secure bids.
Calculations suggest that the USD/JPY bulls are targeting a recovery up to 110.5 area, while Bears are aiming for 105.5 area. Currently, the bears remain in control as the bullish hammer candle failed to provide the necessary support.
The retail sentiment, which acts as a contrarian indicator also favors the Bears. According to data from IG Markets, 64 percent positions are long on USD/JPY, while only 36 percent of the positions are short.
