EUR/JPY breaks out of multi-month range, eyes 168.40 target – Société Générale

  • EUR/JPY has broken above key technical resistance at 164.60, regaining upward momentum after months of consolidation. The pair now trades firmly above its 50-day moving average, with bullish MACD signaling further upside toward October 2024 highs and targets at 166.70–168.40, provided 164.60 holds as support, Société Générale's FX analysts note.