USD/JPY to eventually push towards 153.00 – Credit Suisse

USD/JPY continues to advance higher. Economists at Credit Suisse expect the pair to reach their r long-held target at 147.62/153.01.

Any abrupt setback is ideally held at 139.43/39

“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.”

“Any abrupt setback is ideally held at 139.43/39 to keep the risk directly higher.”