Japanese Yen: Consolidation near resistance band against US Dollar – Societe Generale
Ni FXStreet Insights Team
Na-update: 13 Jul 2026
Sikat na Artikulo
Societe Generale’s Kenneth Broux describes USD/JPY consolidating after failing again at resistance near 162.80. The pair is seen in a narrow range, with key support at 160.40 tied to the March peak and upside projections towards 163.70/164.40 if resistance breaks.
Societe Generale’s Kenneth Broux describes USD/JPY consolidating after failing again at resistance near 162.80. The pair is seen in a narrow range, with key support at 160.40 tied to the March peak and upside projections towards 163.70/164.40 if resistance breaks. Short-term moves are linked to rising JGB yields, Oil and GPIF-related headlines.
Range trade with upside projections
"USD/JPY failed to break above the interim resistance near 162.80 on its second attempt last week."
"However, signals of a large pullback are not yet visible."
"The pair appears to be consolidating within a narrow range."
"Defence of the graphical support at 160.40, which corresponds to the March peak, will be crucial to avert a deeper decline."
"Beyond 162.80, the next objectives could be located at the projections of 163.70/164.40."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Higit sa isang milyong user ang umaasa sa FXStreet para sa real-time market data, charting tools, expert insights, at Forex news. Ang komprehensibong economic calendar at educational webinars nito ay tumutulong sa mga trader na manatiling may alam at gumawa ng kalkuladong mga desisyon. Sinusuportahan ang FXStreet ng humigit-kumulang 60 propesyonal sa pagitan ng Barcelona HQ at iba’t ibang rehiyon sa buong mundo.
Magbasa pa
