S&P 500 drops 7% after opening bell to trigger circuit breaker. US 10-year Treasury bond yield is still down more than 30%. US Dollar Index struggles to hold above 95. The USD/JPY pair erased more than 400 pips on Monday and touched its lowest level since September 2016 at 101.18 in the early trading hours of the American session before erasing a portion of its losses. As of writing, the pair was still down 2.9% on the day at 102.30. Risk-off flows continue to dominate financial markets The intense flight-to-safety at the start of the week amid heightened concerns over a protracted negative impact of the coronavirus outbreak on the global economy and the beginning of an oil price war allowed the JPY to find demand as a safe-haven. Mirroring the market panic, the 10-year US Treasury bond yield erased more than 40% at one point to register a new all-time low at 0.36%. Moreover, the S&P 500 lost 7% minutes after the opening bell to trigger a circuit breaker. Although Wall Street’s main indexes pulled away from lows after trading resumed following a 15-minute break, they are still down between 4.6% and 5.7% on the day. In the meantime, the greenback continues to suffer heavy losses against its major rivals to force the pair to remain deep in the negative territory. At the moment, the US Dollar Index is down 1.2% on the day at 94.95. Technical levels to watch for FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Ripple Price Analysis: Are we going to test the recent lows? FX Street 3 years S&P 500 drops 7% after opening bell to trigger circuit breaker. US 10-year Treasury bond yield is still down more than 30%. US Dollar Index struggles to hold above 95. The USD/JPY pair erased more than 400 pips on Monday and touched its lowest level since September 2016 at 101.18 in the early trading hours of the American session before erasing a portion of its losses. As of writing, the pair was still down 2.9% on the day at 102.30. Risk-off flows continue to dominate financial markets The intense flight-to-safety at the start of the week amid heightened concerns over… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
