On bids for the second consecutive session amid renewed trade optimism. Recovering US bond yields underpinned the USD and remained supportive. The USD/JPY pair traded with a mild positive bias through the Asian session on Tuesday and remained well within the striking distance of the overnight swing high. Following a bearish gap opening at the start of a new trading week, the pair managed to regain positive traction and rallied around 80-pips from an intraday low level of 106.65. A goodish pickup in the US Treasury bond yields underpinned the US Dollar demand and turned out to be one of the key factors that triggered the initial leg of the uptick. Trade optimism remain supportive The momentum got an additional boost following some positive trade-related comments from White House economic adviser Larry Kudlow, saying that the United States was open to looking at China’s proposals and delisting of Chinese companies was not on the table. Kudlow further added that the US and Chinese trade negotiators could make progress. The remarks helped ease anxiety led by earlier reports that Chinese officials were increasingly reluctant to agree to a broad trade deal pursued by the US President Donald Trump and dented the Japanese Yen’s (JPY) safe-haven status. The JPY was further weighed down by Tuesday’s softer cash earnings data from Japan. The pair, however, lacked any strong bullish conviction as investors seemed reluctant to place any aggressive bets and might prefer to wait on the sidelines ahead of the highly-anticipated US-China trade negotiations in Washington, starting this Thursday. In the meantime, Tuesday’s US economic docket, highlighting the release of Producer Price Index (PPI), will be looked upon for a fresh impetus. This coupled with the broader market risk sentiment and the USD price dynamics might further contribute towards producing some meaningful trading opportunities. Technical levels to watch 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 Australian business conditions and confidence unmoved by stimulus – ANZ FX Street 3 years On bids for the second consecutive session amid renewed trade optimism. Recovering US bond yields underpinned the USD and remained supportive. The USD/JPY pair traded with a mild positive bias through the Asian session on Tuesday and remained well within the striking distance of the overnight swing high. Following a bearish gap opening at the start of a new trading week, the pair managed to regain positive traction and rallied around 80-pips from an intraday low level of 106.65. A goodish pickup in the US Treasury bond yields underpinned the US Dollar demand and turned out to be one… 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.