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