USD/JPY tumbles from daily highs as US bond yields plunge, awaiting Fed’s decision

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• USD/JPY at risk of sliding to 150.00 handle, with losses of 0.39% as US Treasury bond yields drop.
• Market participants expect Fed to hold rates unchanged, with focus on Jerome Powell’s press conference.
• Bank of Japan’s latest decision keeps the Japanese Yen pressured against most G8 currencies.

USD/JPY retreats from daily highs reached at 151.68, as US Treasury bond yields dropped on mixed US economic data ahead of the US Federal Reserve monetary policy decision. The major trades at 151.05, at the brisk of sliding to the 150.00 handle, with losses of 0.39%.