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Copper, Platinum and USD/JPY Eye Potential Rebounds

Copper, Platinum and USD/JPY Eye Potential Rebounds

By: 
Christopher Lewis

Copper and platinum approach key moving averages while USD/JPY rebounds from support as rising U.S. yields and central-bank expectations shape the outlook.

US 2-Year Yield Technical Analysis

Daily candlestick chart for US 2-Year Treasury Yield (US02Y) showing yield spiking to 4.497%, well above the 50-day EMA at 4.244% and 200-day EMA at 3.991%.
Daily chart for US 2-Year Treasury Yield showing yield advancing to 4.497%, firmly above the 50 EMA (4.244%) and 200 EMA (3.991%). Source: TradingView

It is spiking, looking very stout, to say the least. Therefore, you have to keep in mind that people are betting on a tighter Federal Reserve at this point and inflation causing chaos. That will have a significant amount of influence on what happens in other markets, so keep that in mind.