US Session Open: New setup for USD/CAD, charting Bitcoin, ETH/USD, LTC/USD

AUD/USD holds steady around the 0.6400 mark on Friday and remains well within striking distance of the YTD peak touched earlier this week. A positive risk tone, along with the potential for a de-escalation in the US-China trade war, act as a tailwind for the Aussie amid a bank holiday in Australia and the lack of any meaningful USD buying. 

USD/JPY attracts some dip-buyers following Thursday's pullback from a two-week high as hopes for an eventual US-China trade deal tempers demand for the JPY. Data released this Friday showed that core inflation in Tokyo accelerated sharply in April, bolstering bets for more rate hikes by the BoJ.

Gold price trades with positive bias for the second straight day, though it lacks bullish conviction. Hopes for a faster resolution to the US-China standoff remain supportive of a positive risk tone. Adding to this modest USD uptick caps the upside for the commodity. 

TON Foundation has appointed Maximilian Crown, co-founder of MoonPay, as its new CEO. Toncoin price remained muted, consolidating with a tight 2% range between $3.08 and $3.21 on Thursday. 

Will the US strike a trade deal with Japan? That would be positive progress. However, recent developments are not that positive, and there's only one certainty: headlines will dominate markets. Fresh US economic data is also of interest.

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