USD/JPY eyes breakout above recent range – Société Générale

FXStreetJan 12, 2026 9:39 AM

View all comments（0）



USD/JPY continues to consolidate above its 50-day moving average, keeping upward momentum intact as the pair attempts to break out of its trading range formed since November, Société Générale's FX analysts note.

JPY pair holds key support near 156

"USD/JPY has been consolidating within a base since November while successfully holding above the 50-DMA, underscoring the persistence of upward momentum. The pair is now attempting a breakout above the upper boundary of its recent range."

"Defense of the moving average near 156 could lead to extension in uptrend. The next objectives could be located at last year’s peak of 158.90/159.10 and projections near 160.70."

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

$1.5 Billion in Crypto Assets Liquidated, Bitcoin Falls Below $66,000 Mark. What Is the Reason?

TradingKey — On June 2, Eastern Time, the cryptocurrency market suffered its most severe mass liquidation year-to-date. Bitcoin (BTC) breached the $70,000 psychological threshold for the first time since April 2026, plunging through the $69,000, $68,000, $67,000, and $66,000 marks to hit an intraday low of $65,978. This represents a decline of more than 14% from the high of $77,799 reached just two trading days ago.

Kioxia Japan Shares Surge Over 660% Year-to-Date. Topping World’s Best-Performing Semiconductor Maker, Can Investors Still Buy Now?

TradingKey - Since listing in Tokyo in December 2024, Kioxia Holdings has taken one and a half years to leap from its IPO to Japan's top three companies by market capitalization. As of the Asian trading session on June 3, Kioxia's Japanese shares saw year-to-date gains reach as high as 660%, topping the leaderboard for annual gains among global semiconductor manufacturers.

Today’s Market Recap:Marvell Technology Jumped 32% to Lead U.S. Stocks, but Bitcoin Tumbled Below $67,000.

TradingKey - On June 2nd, Eastern Time, the COMPUTEX conference boosted AI sentiment, leading to a rally in US tech stocks. All three major indices hit new closing highs: the Dow Jones Industrial Average rose 0.45% to 51,307.79 points, the S&P 500 rose 0.13% to 7,609.78 points, and the Nasdaq Compos

US Stocks Close: Three Major Indexes Hit Record Closing Highs, Optical Communication Stocks Lead Gains, Marvell Technology Jumps Over 32%

TradingKey - On June 2 (ET), the COMPUTEX event in Taipei fueled market sentiment for artificial intelligence investments, as US tech stocks extended their recent rally and all three major US indices reached record closing highs. By the close, the Dow Jones Industrial Average rose 0.45% to 51,307.79 points; the S&P 500 Index edged up 0.13% to 7,609.78 points; and the Nasdaq Composite Index added 0.03% to 27,093.9 points.

Micron Stock Price Breaks $1,000. Memory Chip Demand May Drive Shares to $1,400

TradingKey - On June 1, Eastern Time, driven by tight demand for memory chips, Micron (MU) shares successfully broke through the $1,000 psychological level. By the close of U.S. trading, Micron’s share price stood at $1,035.68, with its market capitalization rising to approximately $1.18 trillion.

Featured Tools