Credit Suisse Buys USD/JPY On 100 Break Targeting 102.30

Credit Suisse is the first big name to chase USD/JPY higher upon its break above 100.

CS enters into a technical tactical long USD/JPY via filling a limit order slightly above 100 with a target at 102.30, and a stop at 97.50.

"The ongoing break above 100 signals a bullish continuation, for a move into our 101.27/103.10 next target zone," CS says as rationale behind this call. 

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