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US 10 Year, USDJPY, Platinum, and XLE – Price Action Heading into CPI

By: 
Christopher Lewis
Published: Aug 12, 2026, 11:48 GMT+00:00

The 10-year yield is dropping early on Wednesday, and this could cause some noise, once we get past CPI that is.

In this article:

10-Year Yield Technical Analysis

The US 10-year yield holds at 4.670% above both EMAs, with 4.60% as near-term support and 4.70% as resistance. Source: TradingView

The 10-year yield is dropping early on Wednesday, but we also get the CPI numbers later and that could have a major influence. As things stand right now though, this could be good for risk appetite, and I’ll be watching this fairly closely. The 4.60% level seems to be support for rates at the moment, with the 50-day EMA racing towards that level as well. It makes a certain amount of sense that we need to watch if we get anywhere near there to see what the reaction may be.