USD/JPY is rising sharply in the American session. 10-year US Treasury bond yield is up more than 12% on Tuesday. US Dollar Index erases part of early gains. Despite the broad-based USD weakness during the first half of the day, the USD/JPY pair stayed relatively quiet near 106.00 as the JPY struggled to find demand as a safe-haven. With the US Treasury bond yields surging higher in the American tracing hours, however, the pair gained traction and rose to its highest level since July 24th at 106.48. As of writing, the pair was up 0.45% on the day at 106.43. Risk rally lifts US T-bond yields Renewed hopes for an effective coronavirus treatment after Russian President Vladimir Putin announced that they have developed a vaccine provided a boost to risk sentiment on Tuesday. Both the Dow Jones Industrial Average and the S&P 500 started the day in the positive territory to reflect the upbeat market mood and the 10-year US Treasury bond yield advanced to its highest level since mid-July. At the moment, the 10-year T-bond yield is up 12.35% on the day. Meanwhile, the US Dollar Index (DXY), which dropped to a daily low of 93.17 on Tuesday, staged a rebound in the last hours and climbed to mid-93.00s, allowing the bullish momentum of USD/JPY to remain intact. There won’t be any significant macroeconomic data releases from Japan on Wednesday and risk perception is likely to continue to impact USD/JPY’s movements. Later in the day, the Consumer Price Index (CPI) data will be featured in the US economic docket. Technical levels to consider 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 Fed’s Barkin: US still in economic downturn of historic proportions FX Street 2 years USD/JPY is rising sharply in the American session. 10-year US Treasury bond yield is up more than 12% on Tuesday. US Dollar Index erases part of early gains. Despite the broad-based USD weakness during the first half of the day, the USD/JPY pair stayed relatively quiet near 106.00 as the JPY struggled to find demand as a safe-haven. With the US Treasury bond yields surging higher in the American tracing hours, however, the pair gained traction and rose to its highest level since July 24th at 106.48. As of writing, the pair was up 0.45% on the day at 106.43.… Top 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.