4/27/2021 7:44:42 PM GMT
USD/JPY Current price: 108.72
US Treasury yields surged to a one-week high ahead of the US Federal Reserve announcement.
The Bank of Japan maintained its monetary policy unchanged as widely anticipated.
USD/JPY has room to extend its advance, needs to advance beyond 108.85.
The USD/JPY pair extended its advance to 108.74, trading nearby heading into the Asian opening, helped by advancing US government bond yields. The yield on the 10-year Treasury note stands above 1.60%, its highest in over a week. Meanwhile, US indexes hovered around their opening levels, holding ground but on-hold ahead of the US Federal Reserve monetary policy announcement.