Rising Yields Drive Markets Ahead of Fed Decision

The U.S. two-year Treasury yield has surged to 4.652% on the daily chart, with the 50-day EMA surpassed.

This rise in yields comes ahead of the Federal Reserve's interest rate decision and press conference, which could set the tone for the next few weeks or even months regarding the U.S. dollar and yields.

Bitcoin is watching its $76,500 support level closely as it remains under pressure from rising yields. Meanwhile, GBP/USD and Copper show potential buying setups in the markets.