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Credit Suisse: bullish on USD/JPY

Strategists at Credit Suisse expect USD/JPY to jump above 103.25. They see the current technical picture as bullish. Next target lies at 103.43 and 104.13. The upside is expected to pause here. 

In a longer term analysts expect the pair to reterst the 105.48/60 resistance area. Credit Suisse year-end forecast is 109 yen. 

Chart. Daily USD/JPY


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