EUR/JPY: On course to retest the 145.65 high – Credit Suisse

EUR/JPY continues to move steadily higher. Economists at Credit Suisse expect the pair to test the 145.65 peak of September.

Important support seen at 143.87

“We stay bullish and look for strength back to the actual September high at 145.65. Whilst this should again be respected, our bias is to look for a break above here in due course with resistance then seen next at 146.45/48 and eventually back at the 149.78 high of 2014.” 

“Support is seen at 144.24 initially, then 143.87, below which can see a setback to 143.05, ahead of the 13-day exponential average at 142.85, which we look to try and hold.”