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USD/JPY chart - Trading View
USD/JPY was trading 0.04% higher on the day at 106.42 at around 03:50 GMT, extending previous session's gains.
Traders largely brush aside upbeat Japan PPI Index which rose past-0.8% YoY prior to 1.2% during the previous month.
The latest optimism concerning the Sino-American trade deal keeps sentiment buoyed, supporting the pair higher.
The pair has shown a breakout at 21-EMA on Tuesday's trade and currently finds stiff resistance at 55-EMA at 106.55.
Major trend in the pair is bearish. That said, breakout at 55-EMA could change near-term bias.
On the data front, traders will have Japan’s July month Leading Economic Index, expected to remain unchanged at 85.
Later in the U.S. session, the US Durable Goods Orders will gain attention. Analysts forecast the data can ease to 4.3% from 7.6% during the previous month.
