TOKYO, Aug 10 (Reuters) - Yields on Japanese government bonds rose on Tuesday, tracking U.S. Treasuries as a strong labour market recovery in the United States spurred bets for a near-term tightening of monetary policy. The 10-year JGB yield rose 1 basis point to 0.020% with half an hour to the end of trading after similar-dated Treasury yields rose much as 1.3310% overnight for the first time since mid-July. Ten-year JGB yields were at zero on Wednesday. Benchmark 10-year JGB futures fell 0.14 point to 152.16, with a trading volume of 17,788 lots. Yields on two-year and five-year JGBs each rose 0.5 basis point to minus 0.135% and minus 0.125%, respectively. The 20-year JGB yield rose 1 basis point to 0.400%, while the 30-year yield also rose 1 basis point to 0.645%. Japanese markets were closed on Monday for a national holiday. JGB yields are getting a boost from U.S. yields. However, once JGB yields rise they are unlikely to come down as they will be supported by caution ahead of the 30-year JGB auction on Wednesday, said a market participant at a domestic bank. Following a strong U.S. payrolls report on Friday, Atlanta Federal Reserve Bank President Raphael Bostic and Boston Fed President Eric Rosengren said separately on Monday that a taper of asset purchases was likely as soon as this autumn if the labour market recovery continues at the current pace. Reporting by Tokyo markets team; Editing by Amy Caren Daniel Our Standards: The Thomson Reuters Trust Principles.