USD/JPY continues to push higher ahead of the American session. 10-year US Treasury bond yield is up more than 3%. US Dollar Index climbs to multi-month highs beyond 93.00. The USD/JPY pair closed in the positive territory for the fourth straight day on Monday and extended its rally to a fresh yearly high of 110.39 on Tuesday. As of writing, the pair was up 0.52% on the day at 110.35. DXY preserves its bullish momentum The sharp upsurge witnessed in US Treasury bond yields seems to be providing a boost to positively-correlated USD/JPY. The benchmark 10-year US Treasury bond yield, which touched its highest level in nearly 15 months at 1.774%, is currently rising 3% at 1.763% Consequently, the USD continues to outperform its rivals with the US Dollar Index (DXY) advancing to its strongest level since early November at 93.20. Meanwhile, the S&P 500 Futures are down 0.3% on the day, suggesting that USD/JPY’s upside could remain limited if investors adopt a cautious tone in the second half of the day. The data from Japan showed on Tuesday that Retail Trade in February contracted by 1.5% on a yearly basis and the Unemployment Rate remained steady at 2.9%, compared to analysts’ estimate of 3%. None of these figures triggered a meaningful market reaction. The US economic docket will feature the Conference Board Consumer Sentiment Index later in the session. Furthermore,  Federal Reserve’s Vice Chairman for Supervision, Randal Quarles, and Federal Reserve Bank of New York President John Williams are both scheduled to deliver speeches. 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 S&P 500 Index: Break above 3984/91 to inject momentum to the uptrend – Credit Suisse FX Street 1 year USD/JPY continues to push higher ahead of the American session. 10-year US Treasury bond yield is up more than 3%. US Dollar Index climbs to multi-month highs beyond 93.00. The USD/JPY pair closed in the positive territory for the fourth straight day on Monday and extended its rally to a fresh yearly high of 110.39 on Tuesday. As of writing, the pair was up 0.52% on the day at 110.35. DXY preserves its bullish momentum The sharp upsurge witnessed in US Treasury bond yields seems to be providing a boost to positively-correlated USD/JPY. The benchmark 10-year US Treasury bond yield,… 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.