The USD/JPY recovery is starting to lose momentum as expected and analysts at Credit Suisse continue to look for resistance at 105.82/92 to ideally cap further strength and for the risk to turn lower again for a fall back to 104.00. Immediate resistance is seen at 105.46, then 105.70. A close above 105.98 though would warn of a more concerted move higher with resistance seen next at 106.30 and then 106.51/56.”
USD/JPY
H0 L0
S3 S2 S1 R1 R2 R3
104.87 105.06 105.33 105.79 105.98 106.25


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