USD/JPY: Next potential hurdles located at 151.25 and last year high of 152/152.80 – SocGen

USD/JPY accelerated through 150. Economists at Société Générale analyze the pair’s outlook. 

149.30/148.85 is an important support

USD/JPY has given a break above its one-month range denoting persistence in up move. It is worth noting that daily MACD has been posting negative divergence since July however signals of price break have not yet developed. 

Last week's low of 149.30/148.85 is an important support. This zone must be breached to affirm a short-term decline. 

Next potential hurdles are located at projections of 151.25 and last year's high of 152/152.80.