USD/JPY Trading Bias Suggests Selling Rallies

The USD/JPY exchange rate continues to fluctuate within a defined range. Recent two-way moves can be attributed to new U.S. data and comments from Treasury Secretary Scott Bessent. The pair was noted at 147.39, suggesting a prevailing bias toward selling during rallies.

This strategy reflects current market sentiments as traders strive to capitalize on fluctuations while navigating the complexities of currency trading.