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USD/JPY, Corn, and Copper Forecasts – Elevated 10-Year Yields Drive Market Trends

USD/JPY, Corn, and Copper Forecasts – Elevated 10-Year Yields Drive Market Trends

By
Christopher Lewis
Published: Jul 28, 2026, 12:33 GMT+00:00

The US 10-year yield drifted a little lower in the early part of Tuesday trading, as we continue to move on the latest Middle East headlines.

US10Y Technical Analysis

The US 10-year yield sits at 4.63%, above 4.60% near its recent high. Source: TradingView

The US 10-year yield has drifted a little bit lower during the early part of the trading session, but it is still above the 4.60% level, an area that previously had been a bit of a barrier, and it is still rather elevated. So, we are probably going to continue to focus on the bond markets. It’s a major driver of what happens in risk appetite and yielding versus non-yielding assets. So, keep that in mind and keep an eye on the 10-year yield. It gives you a little bit of a heads-up at times with those questions.