USD/JPY rebounds above 147.60 as dollar strengthens across major pairs

USD/JPY climbed back above 147.60, gaining approximately 0.4% as the US dollar demonstrated broad strength against major currencies during early Asian trading. The pair's recovery from earlier lows near 147.20 reflects renewed dollar demand despite mixed global risk sentiment. Notably, gold's surge to record highs hasn't dampened USD buying interest, suggesting divergent safe-haven flows between currencies and commodities. The yen's weakness persists despite traditional risk-off conditions that typically support the Japanese currency, indicating potential intervention concerns or shifting yield differentials. Technical analysis shows immediate resistance at 148.00, with support established at 147.20. The divergence between gold's strength and USD resilience presents an unusual market dynamic, potentially signaling selective risk aversion rather than broad-based fear. Traders should monitor Bank of Japan rhetoric for any hints of intervention as USD/JPY approaches the psychologically important 148.00 level.