USD Yields Fuel Copper, Platinum Bounces as USD/JPY Rebounds

Copper and platinum are approaching key moving averages, while USD/JPY is rebounding from support. The price action in these markets is being influenced by rising US yields and central-bank expectations.

The US 2-Year Yield has been advancing rapidly, reaching 4.497% on the daily chart. This surge is significant, as it has surpassed both the 50 EMA (4.244%) and 200 EMA (3.991%). The yield's strength is largely due to bets on a tighter Federal Reserve and inflationary pressures.

As yields rise, they can have a ripple effect across other markets. Investors are closely watching the copper and platinum markets, as they approach key moving averages. Meanwhile, USD/JPY has rebounded from support, with traders waiting for further direction from rising US yields and central-bank expectations.