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Home›Forex›Major Pairs›USD/JPY: Breakout extends as resistance tested – Socie…

USD/JPY: Breakout extends as resistance tested – Societe Generale

Reported · Written up by our desk · Major Pairs

Societe Generale’s Kenneth Broux and colleagues note USD/JPY has broken out of a recent consolidation, reclaiming its 200‑day moving average and trading above 160 for a second day. The pair faces key resistance around 160.40/160.70 and 162.20, with support near 158.70.

Latest closeUSD/JPY 159.91 ▲0.1%

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Sources

FXStreetUSD/JPY: Breakout extends as resistance tested – Societe Generale

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