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fxJul 6, 2026, 8:59 AM

USD/JPY Faces Risk of New Lows, Says Societe Generale

Societe Generale strategists note USD/JPY has pulled back after testing resistance near 162.80 but remains above the March peak, warning of potential new lows.

USDJPY

Societe Generale strategists have flagged the risk of new lows for USD/JPY. The pair pulled back after testing resistance around 162.80 but continues to trade above the March peak.

The note highlights that the yen remains vulnerable against the US dollar. Traders are watching the 162.80 level as a key resistance area.

Source: FXStreet Forex News