Top altcoins, including Ripple (XRP), Cardano (ADA), and Solana (SOL), face intense selling pressure, extending losses from the previous week. XRP tests the $1.2941 support floor, while ADA risks deeper losses and SOL struggles near the $100 mark.
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann report that USD/JPY rebounded sharply to 157.64 instead of consolidating, with the move seen as overdone and likely to lead to intraday range-trading between 156.90 and 157.80. On a 1–3 week view, the earlier strong downside momentum is slowing, and a break above 157.80 would signal a shift into a range-trading phase rather than further declines, though the broader 1–3 month outlook still points to downside risks.
The AUD/JPY cross trades in positive territory around 110.75 during the early European trading hours on Tuesday. Hawkish tone from the Reserve Bank of Australia (RBA) provides some support to the Australian Dollar (AUD) against the Japanese Yen (JPY).