Reuters reports comments from the Head of FX and money-market sales at Societe Generale in Tokyo, as he offers his view on the USD/JPY pair.
USD/JPY may have more upside.
Cites it breaking a three-year descending trend line, breakthrough of this resistance is "significant".
Nominates target 200-week moving average around 113.26.
Warns "risk of being caught wrong-footed by betting that USD/JPY won't rise".
a concern that it wasn't the dollar-based reason that boosted the greenback on Wednesday
USD/JPY range revised higher.
110 looks to be a strong support.
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