USD/JPY is rising for the second straight day on Tuesday. US Dollar Index is looking to post its highest daily close since late July. Wall Street’s main indexes are posting modest gains. After spending the first half of the day moving sideways near 104.50 area, the USD/JPY pair gained traction during the American session and advanced to a daily high of 105.07 before going into a consolidation phase. As of writing, the pair was up 0.33% on a daily basis at 104.97. DXY climbs to multi-week highs on Tuesday Earlier in the day, the data from the US showed that Existing Home Sales in August rose by 2.4% as expected. Other data revealed that the Richmond Fed Manufacturing Index improved to 21 in September from 18 in August and the Philly Fed Nonmanufacturing Index advanced to 8 from 1.6. Supported by the upbeat data, the US Dollar Index (DXY) regained traction in the second half of the day and rose to its highest level since late July at 94.08. At the moment, the DXY is up 0.45% on the day at 93.97. Later in the day, FOMC Chairman Jerome Powell refrained from delivering any comments on the policy outlook during his testimony before the House Financial Services Committee. Meanwhile, Wall Street’s main indexes are gaining between 0.45% and 0.8% on Tuesday to reflect a relatively upbeat market mood, which makes it difficult for the safe-haven JPY to find demand as a safe-haven. In the early trading hours of the Asian session on Wednesday, the Jibun Bank Manufacturing PMI report for Septmber will be featured in the Japanese economic docket. 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 Crypto market sentiment grows negatively but this could be a bullish sign FX Street 2 years USD/JPY is rising for the second straight day on Tuesday. US Dollar Index is looking to post its highest daily close since late July. Wall Street's main indexes are posting modest gains. After spending the first half of the day moving sideways near 104.50 area, the USD/JPY pair gained traction during the American session and advanced to a daily high of 105.07 before going into a consolidation phase. As of writing, the pair was up 0.33% on a daily basis at 104.97. DXY climbs to multi-week highs on Tuesday Earlier in the day, the data from the US showed that… 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.