Dollar/yen is trading at the highest levels since January as the greenback gains ground. Where next for the pair? Here is their view, courtesy of eFXdata: Credit Suisse discusses USD/JPY outlook and adopts a tactical bullish bias expecting the pair to push towards the Q4 2017 average around 113 in the weeks ahead. “For USDJPY, the break in the pair above May highs to its best levels since January is significant in our view in a climate of falling volatility with another six weeks of summer holiday season to go. The market continues to absorb the impact of trade war fears without significant impact on the projected Fed tightening path, allowing rate differentials to exert their influence unencumbered by fears of imminent risk. It’s also the case that, even in a trade war scenario, a stronger JPY is not necessarily a guaranteed outcome given Japan’s own export exposure to the US, especially in the key and highly sensitive auto sector. Finally, rising oil prices are unhelpful for Japan’s terms of trade, even if they do help inflation expectations on the margin. In this context, we see scope for USDJPY to push still higher towards the Q4 2017 average around 113 in the weeks ahead,” CS argues. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next Market movers today – Danske Bank FX Street 4 years Dollar/yen is trading at the highest levels since January as the greenback gains ground. Where next for the pair? Here is their view, courtesy of eFXdata: Credit Suisse discusses USD/JPY outlook and adopts a tactical bullish bias expecting the pair to push towards the Q4 2017 average around 113 in the weeks ahead. "For USDJPY, the break in the pair above May highs to its best levels since January is significant in our view in a climate of falling volatility with another six weeks of summer holiday season to go. The market continues to absorb the impact of trade war… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.