USD/JPY continues to advance higher. Economists at Credit Suisse expect the pair to reach its long-held target at 147.62/153.01.“We stay with our long-held bullish view and look for further upside to our long-term core objective at 147.62/153.01 – the 38.2% retracement of the entire fall from 1982 and price high of 1998. Our bias remains to see a move towards the upper end of this zone, where we would then stay alert to a potentially important top.
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