USD/JPY: Is there a sense of slowing in the selling pressure? [Video]

Richard Perry Independent Analyst

USD/JPY

Is there a sense of slowing in the selling pressure on Dollar/Yen? Since the market topped out at 112.20 a week and a half ago, there has been a corrective move of over -500 pips at yesterday’s low around 107.00. However, a positive candle and a positive close yesterday will give the bulls some hope that a corner may have been turned. It seems that this is a crossroads moment as the market trades inside a band of old key support between 107.65/108.30 (old key lows). It comes as the RSI is again around the low to mid-30s where the two key lows of January were posted, whilst the Stochastics are threatening to bottom out. However, the bulls still have a job on their hands, as the market has again dipped back lower early today. Initial support at 107.65 is holding, but a breach (certainly on a closing basis) would re-open yesterday’s low around 107.00 and the key October low at 106.50. Given that intraday highs are being posted around 108.50/108.60 the bulls need a close above this area to suggest traction in a recovery.

Author

Richard Perry

Independent Analyst

EUR/USD risks a deeper drop below 1.1750

EUR/USD keeps its vacillating mood in place as the the NA session drwas to a close on Tuesday, hovering below the 1.1800 hurdle amid acceptable gains in the US Dollar. In the meantime, market participants and the FX galaxy are expected to closely follow President Trump’s SOTU speech around 2AM GMT.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold appears offered around $5,150

Gold is giving back a good portion of the recent multi-day rally, receding to the $5,150 zone per troy ounce amid the decent bounce in the US Dollar and mixed US Treasuty yields. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Ripple’s DeFi shift in focus: Navigating XRPL EVM sidechain growth, XRPFi migration and liquidity

Ripple (XRP) has continued to trade under pressure, extending its decline by approximately 63% from the record high of $3.66 in July. The remittance token is trading above support at $1.35, while its upside appears limited by key supply zones, starting with $1.40, at the time of writing on Tuesday.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.