Weekly Forex Forecast – USD/JPY, S&P 500 Index, Silver, Gold – 04 January 2026
The precious metals bubble burst and the USA removed the Maduro regime from power in Venezuela.

The precious metals bubble burst and the USA removed the Maduro regime from power in Venezuela.
This weekly market forecast analyzes forex, commodities, crypto, and indices, highlighting key price levels and market outlooks.
The US dollar continues to grind higher against the yen in a choppy range, with support near the 50-day EMA around 155 and resistance at 158, as the wide US–Japan rate differential and BOJ’s limited tightening scope keep a buy-the-dip bias intact toward the 160 area.
The US dollar continues to edge up against the Swiss franc in a well-defined 0.79–0.8150 range, with traders favoring buy-the-dip setups amid thin holiday liquidity, SNB discomfort with franc strength, and a positive swap supporting long USD/CHF positions.
The S&P 500 has eased slightly as traders head into New Year celebrations, yet the broader uptrend remains intact, with buyers likely to step in on dips above the 6,500–6,800 support zone while aiming for a move toward the 7,000 level and beyond.
The euro remains under pressure below the 1.18–1.1875 resistance zone, with EUR/USD likely to stay choppy and range-bound as traders juggle Fed cut expectations against lingering demand for the US dollar as a safe haven.