USD/JPY: At trend line support - Societe Generale

FXstreet.com (Barcelona) - Societe Generale analysts note that USD/JPY has decisively surpassed the psychological mark of 100 and is now poised for next leg of up move till 105.60.

They see that the pair has tested the daily channel resistance (inset) and posted an intermediate rising channel breakdown. For the day, pair is expected to ease till 101.17/101.00 levels.