Pictet Trading and Sales
June 2, 2026
Technical Views: Currencies, Commodities and 10Y Yield
Market ReportFXCommoditiesRates Govt BondsOther
The US dollar remains stuck in a narrow range while precious metals hold critical support for potential further gains. Meanwhile, global government bond yields have paused their recent ascent and are consolidating toward key short-term support levels.
Key Takeaways
- 1.The US dollar (DXY) remains range-bound between 97.50 and 99.49, showing general stability.
- 2.USD/JPY exhibits strong upward momentum for a potential retest of the major 160–162 resistance zone.
- 3.Precious metals maintain a bullish bias as long as they hold above critical support levels (Gold > 4,400; Silver > 68).
Table of Contents
- Forex: Major Pairs
- Forex: Minor Pairs
- Commodities
- Govt. Bond Yields
- Endnotes
- Disclaimer and disclosure information
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Authors
Trading Strategy Team
Securities
DXYUSDJPYXAUUS 10-year Treasury yieldWTI
Themes
Technical Support TestingYield Curve Consolidation
Regions
North AmericaEuropeAsia PacificUnited StatesGermanyJapan