Well, it is possible to draw sequence diagrams in yEd. However, it does require some diligence because there is no specific support for sequence diagrams.
As a proof-of-concept, I adopted one of the sequence diagrams the railroad diagram generator generated for the XML grammar:
![](http://yed.yworks.com/support/qa/?qa=blob&qa_blobid=4126215870485465634)
Corresponding GraphML file.