USD/JPY to skyrocket towards the 147.62/153.01 zone – Credit Suisse

FXStreet Insights Team FXStreet

USD/JPY has now seen a conclusive break above the 135.20 high of 2002. This move should reinforce the bull trend for an eventual rise to 147.62/153.01, according to analysts at Credit Suisse.

Break below 134.55 needed to ease the immediate upside bias

“We maintain our core positive outlook, with resistance seen at 136.81/84 ahead of the 137.21 high of September 1998. We would look for this to cap at first ahead of further strength to the trend channel and price resistance at 139.00/10 next and eventually our ultimate objective in the 147.62/153.01 zone – the 1998 high itself and the 38.2% retracement of the entire fall from the 1982 high.”

“Support is seen at 135.96 initially, then 135.60/43, which we look to try and hold. Below 134.55 though is needed to ease the immediate upside bias to raise the prospect of a fresh consolidation phase, with support then seen next at 134.03.”

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.