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fxJun 8, 2026, 8:52 AM

USD/JPY Rebound Supported by Yield Spread – SocGen

Analysts at Societe Generale note that USD/JPY has rebounded after defending a multi-month ascending trend line around 155.50-155.00 and is now challenging the April high, with support at 159.20.

USDJPY

According to Societe Generale analysts, USD/JPY has bounced back after successfully defending a multi-month ascending trend line in the 155.50-155.00 zone. The pair is now testing the April high, suggesting continued upward momentum.

Key levels identified include support at 159.20, with projections extending toward 161.20. The yield spread between U.S. and Japanese government bonds remains a driving factor behind the pair's upward trajectory.

Source: FXStreet Forex News