FXStreet reports that analysts at Credit Suisse discuss USDJPY prospects.

“USD/JPY maintains a bullish ‘falling wedge’ reversal following its break above its downtrend from last March and then key recent high at 104.40 and we continue to look for a more sustained move higher.” 

“Resistance moves to 104.84/94 initially ahead of 105.13/17 and then the 200-day average and November high at 105.65/75, which is expected to prove a tough initial barrier. Should strength directly extend though, we see resistance next at 106.07/11 – the 38.2% retracement of the entire fall from last March.”