EUR/JPY and USD/JPY are climbing ahead of the FOMC announcement as stocks add to their gains. The S&P is up 3.2% as hopes abound for new stimulus, bank bailouts and Fed Treasury purchases.
Treasuries are backing up ahead of the Fed, yielding 2.59 in 10s as the stock rally is too strong to ignore.
EUR/JPY trades at session highs of 119.30 while 90.07 resistance and 90.10 stops are tantalizing the market.
