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USD/JPY, Gold and Bitcoin Forecasts – Rising Yields Drive Market Inflections

By
Christopher Lewis
Updated: Jul 22, 2026, 13:02 GMT+00:00

We continue to see the 10-year yield rise, with the potential to cause issues in various markets.

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US 10Y Technical Analysis

US 10-year yield daily chart, pushing near 4.64% and back toward its recent highs. Source: TradingView

The US 10-year yield is where I’m beginning this video. We continue to see the 10-year yield climb, and that has major implications as to what could happen next. This is mainly driven by inflation fears, especially energy inflation, and I think that is something that will remain the story for a while. We are at 4.64% roughly as we roll over into the New York session.