3/14/2021 12:53:50 PM GMT USD/JPY Current price: 109.01 Fresh one-year highs in US government bond yields underpinned the pair. Wall Street closed mixed, DJIA and S&P keep pressuring all-time highs. USD/JPY is bullish despite its extreme overbought conditions. The USD/JPY pair posted substantial gains for a fourth consecutive week, settling a few pips above the 109.00 figure. The pair advanced sharply on Friday, underpinned by US government bond yields hitting fresh one-year highs. The yield on the 10-year note peaked at 1.642%, to settle at 1.62%. Stocks were mixed as the DJIA and the S&P advanced, but the Nasdaq closed in the red amid the tech sector underperforming.