USD/JPY looks to snap a four-day winning streak. US Dollar Index struggled to stage a meaningful rebound. 10-year US Treasury bond yield is down nearly 4% on Tuesday. After advancing to its highest level since June at 109.24 earlier in the day, the USD/JPY pair turned south and continued to push lower during the American trading hours. As of writing, the pair was trading at fresh daily lows, losing 0.38% at 108.45. Falling US T-bond yields weigh on USD The unabated selling pressure surrounding the greenback on Tuesday doesn’t allow USD/JPY to stage a meaningful rebound. In the absence of significant macroeconomic data releases, the sharp decline seen in the US Treasury bond yields caused the USD to weaken against its rivals. The US Dollar Index is currently consolidating its daily losses around 92.00, losing 0.35% on the day. Following the latest 3-year Treasury note auction in the US, which produced a high yield of 0.355% vs. 0.196% in the previous auction, the 10-year T-bond yield is down nearly 4% on the day at 1.539%. Additionally, the impressive performance of Wall Street’s main indexes makes it even more difficult for the US to find demand. The S&P 500 and the Nasdaq Composite indexes are up 2.15% and 4.5%, respectively.  There won’t be any macroeconomic data releases featured in the Japanese economic docket on Wednesday and the USD’s market valuation is likely to continue to drive USD/JPY’s movements. Later in the day, the Consumer Price Index (CPI) figures from the US will be looked upon for fresh impetus. 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 XAG/USD Price Analysis: Silver bears waiting to pounce from daily 38.2% Fibo FX Street 1 year USD/JPY looks to snap a four-day winning streak. US Dollar Index struggled to stage a meaningful rebound. 10-year US Treasury bond yield is down nearly 4% on Tuesday. After advancing to its highest level since June at 109.24 earlier in the day, the USD/JPY pair turned south and continued to push lower during the American trading hours. As of writing, the pair was trading at fresh daily lows, losing 0.38% at 108.45. Falling US T-bond yields weigh on USD The unabated selling pressure surrounding the greenback on Tuesday doesn't allow USD/JPY to stage a meaningful rebound. In the absence of… 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.