Improving market sentiment weighs on safe-havens in the NA session. US Dollar Index shows signs of life as it turns positive above 94.70. After spending the majority of the day in a relatively narrow range near the 110 handle, the USD/JPY pair gained traction in the last hour and advanced to a fresh daily top at 110.40. As of writing, the pair was trading at 110.35, adding 30 pips on the day. The return of the risk appetite in the second half of the NA session forced the safe-haven JPY to lose demand and provided fuel to the pair’s rise. Major equity indexes in the United States, which started the day in a mixed tone, turned positive as the lack of fresh headlines that could escalate the fears over the trade dispute between the United States and China improved the market sentiment. Meanwhile, reflecting the risk-on mood, the yield on the 10-year US T-bond rose all the way up to 2.93% and was last seen at 2.926%, where it was up 1.15% on the day. Furthermore, the US Dollar Index gathered strength on the back of higher yields and turned positive near 94.75, helping the pair extend its upside. Technical levels to consider With this latest upsurge, the RSI indicator on the daily chart turned north above the 50 mark, suggesting that buyers are looking to take control of the price action. The pair could encounter the first technical resistance at 110.65 (Jun. 18 high) ahead of 111.40 (May 21 high) and 112 (psychological level). On the downside, supports could be seen at 109.75 (200-DMA/50-DMA), 109.20 (Jun. 8 low) and 108.70 (Jun. 1 low). 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 Gold prices reach fresh yearly lows FX Street 5 years Improving market sentiment weighs on safe-havens in the NA session. US Dollar Index shows signs of life as it turns positive above 94.70. After spending the majority of the day in a relatively narrow range near the 110 handle, the USD/JPY pair gained traction in the last hour and advanced to a fresh daily top at 110.40. As of writing, the pair was trading at 110.35, adding 30 pips on the day. The return of the risk appetite in the second half of the NA session forced the safe-haven JPY to lose demand and provided fuel to the pair's rise.… 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.