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USD/JPY: Break above 112.40 to signal a more sustained change of trend higher – Credit Suisse

FXStreet.com
 25 days ago

Cover picture for the articleRepeated successful defense of key price support at 109.12/11 and then a bullish “outside day” has acted as the catalyst for USD/JPY to stage a strong move higher. Economists at Credit Suisse look for a break above the 110.81 August high for a test of long-term resistance, starting at 111.66 and stretching up to 112.40.

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