Weekly Forex Forecast – USD/JPY, Brent Crude Oil, Gasoline, S&P 500 Index – 22 March 2026
The escalating war in the middle east is pushing energies higher and stocks lower, while broadly hawkish central banks are pushing up yields.

The escalating war in the middle east is pushing energies higher and stocks lower, while broadly hawkish central banks are pushing up yields.
A price of 98.100 finished the week of trading in WTI Crude Oil on Friday. While that price remains high for all, believe it or not the value is actually below the previous week’s finish.
Major assets show mixed behavior under pressure from elevated rates and a strong dollar. FX, metals, and equities reflect caution and limited momentum.
The US Dollar just reminded markets that trends are rarely linear.
The Pound Sterling (GBP) staged a late rebound from near three-month lows against the US Dollar (USD), testing the critical 1.3440 supply zone.
USD/JPY remains bullish overall, but the 160 level is still a major barrier, with pullbacks likely to find support near 158 and 156 before another breakout attempt.