The USD/JPY pair has declined on recent comments from US Treasury Secretary Scott Bessent regarding the Federal Reserve and the Bank of Japan. The pair was observed last at 146.55, representing a critical juncture for traders. Analysts at OCBC highlight the establishment of a bearish flag pattern, suggesting further downside potential. Staying updated on geopolitical and economic events is crucial, as they can influence currency movements significantly. Traders should monitor this tightening range closely, as breaks can signal new trends. Understanding these technical indicators will be essential for making strategic trading decisions.