The USD/JPY pair has retreated towards the 149.50 level. After briefly moving above 150.00 earlier in the day, the pair faced resistance and failed to hold that ground. The high for this trading session reached 150.30 but met opposition from the 100-hour moving average. Observing this trend is vital as it highlights the ongoing pressure on the USD amidst shifting market conditions.

As bond yields shift and influence market sentiment, traders remain cautious. This pair’s performance shows how sensitive the forex market is to changes in economic indicators. Keeping an eye on these trends will be crucial for making informed trading decisions. Watch how USD/JPY responds to future bond yield fluctuations as it can significantly dictate the direction of this currency pair.