USD/JPY: Next upside target sits at 113.10 – SocGen

USD/JPY climbs to its highest level since 2018. The pair is now set to attack the 113.10 mark, economists at Société Générale report.

Support 112.00, resistance 113.10

“USD/JPY has now crossed above the peak of 2020 at 112.23/112.00 highlighting persistence of upward momentum.”

“Next potential objectives are located at 113.10 and projections of 113.40/113.90.”

“Previous peak at 112.23/112.00 and recent low of 110.80 are short-term support levels.”