Breaking: USD/JPY crashes to multi-year low near 101.50, risk-off tightens grip

FXStreet Team FXStreet

USD/JPY saw an aggressive selling wave in the last minutes, as the risk-off sentiment intensified, with the bears quickly eroded over 150-pips.

The spot collapsed to the lowest levels seen since November 2016 at 101.62, acelerating the declines from near 103.40 region.

At the press time, the pair has quickly bounced back above the 102 handle but the further upside remains elusive amid a 5% drop in S&P 500 futures, the slump in oil prices and almost 6% slide in the Japanese equities. Rest of Asia also remains in a sea of red.

Just as the USD/JPY pair crashed, a fresh selling wave gripped the fx board amid broad US dollar slump, with AUD/USD smashed to a new 11-year low of 0.6320, the Kiwi almost tested 0.6000 while EUR/USD broke past the 1.14 handle. Meanwhile, USD/CAD saw a momentary spike above 1.3750.

The relentless rise in the coronavirus cases across the globe kills the appetite for the risk assets, as gold holds fort above $1700.

USD/JPY Technical levels to watch

USD/JPY

Overview
Today last price	102.39
Today Daily Change	-2.20
Today Daily Change %	-2.09
Today daily open	105.5

Trends
Daily SMA20	109.38
Daily SMA50	109.32
Daily SMA100	109.14
Daily SMA200	108.35

Levels
Previous Daily High	106.34
Previous Daily Low	105
Previous Weekly High	108.58
Previous Weekly Low	105
Previous Monthly High	112.23
Previous Monthly Low	107.51
Daily Fibonacci 38.2%	105.51
Daily Fibonacci 61.8%	105.83
Daily Pivot Point S1	104.88
Daily Pivot Point S2	104.26
Daily Pivot Point S3	103.53
Daily Pivot Point R1	106.23
Daily Pivot Point R2	106.96
Daily Pivot Point R3	107.58

Author

FXStreet Team

FXStreet

EUR/USD consolidates around 1.0900, bullish bias remains ahead of key US data

The EUR/USD pair is seen consolidating its strong gains registered over the past two days and oscillating in a narrow band during the Asian session on Tuesday. Spot prices currently trade around the 1.1900 mark, just below an over one-week high touched the previous day.

GBP/USD tilts bullish as markets barrel toward mid-week NFP print

GBP/USD is holding a broader bullish structure on the daily chart, with price trading well above the 50 Exponential Moving Average at 1.3507 and the 200 EMA at 1.3310, confirming the intermediate uptrend that has been in place since the November 2025 low near 1.2300.

Gold retreats below $5,050 on profit-taking ahead of US data

Gold price attracts some sellers in the Asian session on Tuesday, falling back below $5.050. The precious metal edges lower amid improved risk sentiment and some profit-taking. Traders look to the US Retail Sales data and Fedspeak due later in the day ahead of Wednesday's Nonfarm Payrolls release.

Litecoin eyes $50 as heavy losses weigh on investors

Following a strong downtrend across the crypto market over the past week, Litecoin holders are under immense pressure. The Bitcoin fork has trimmed about $1.81 billion from its market capitalization since the beginning of the year, sending it below the top 20 cryptos by market cap.

The market is buying everything again but is it dancing on a borrowed floor

The market has a short memory and a fast trigger finger. Last week’s liquidation barely cooled before risk came roaring back, pushing the S&P toward record territory and reinstalling Big Tech as the engine of choice. This is not discovery. It is re exposure.

Ripple exposed to volatility amid low retail interest, modest fund inflows

Ripple (XRP) is extending its intraday decline to around $1.40 at the time of writing on Monday amid growing pressure from the retail market and risk-off sentiment that continues to keep investors on the sidelines.