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fxJul 22, 2026, 9:37 AM

USD/JPY Breaks Above 163 for First Time in Decades, Says Societe Generale

Societe Generale analysts note USD/JPY has broken above the 163 level for the first time in nearly 40 years, with support at 162.20 and resistance above.

USDJPY

Societe Generale analysts highlight that USD/JPY has entered breakout territory, trading above 163 for the first time in nearly four decades. The move signals a significant shift in the pair's technical outlook.

Support is seen around 162.20, while resistance lies at higher levels yet to be tested. The breakout suggests continued upward momentum for the dollar against the yen.

Source: FXStreet Forex News