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  • USD/JPY to enjoy considerable gains towards 123.00 in the long-term – Credit Suisse
Ekonomické zprávy
03.11.2021

USD/JPY to enjoy considerable gains towards 123.00 in the long-term – Credit Suisse

FXStreet reports that economists at Credit Suisse expect the USD/JPY to hit the 123.00 level in the long run.

“USD/JPY extends its pullback following its move to price and retracement resistance at 114.73/92 but with a major base in place above 112.40 we maintain our view this is a temporary and healthy setback only.”

“We look for a move above 114.92 in due course for a test of the long-term downtrend from April 1990, currently at 117.07. It’s worth reiterating though the ‘measured base objective’ is significantly above here at 122.90/123.00, however this is very much a longer term objective.”

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