The USD/JPY pair has seen a continuation of its pullback from a recent multi-week high of 148.64. This decline reflects overbought conditions, prompting traders to engage in profit-taking activities. Such trading behavior is part of normal market dynamics, indicating a healthy but volatile exchange. As traders navigate the foreign exchange landscape, it’s crucial to consider key technical indicators that might signal further movement in the pair. The current pullback gives insight into market sentiment and profit realization strategies employed by traders.