• USD/JPY extended decline on Wednesday as investors sought safe-haven assets amid U.S. fiscal uncertainty.
• Investor sentiment remains shaky after Moody's downgrade of U.S. credit, amid concerns Trump's tax plan could add up to $5 trillion to the nation's $36 trillion debt.
• Concerns also persist over stalled U.S. trade negotiations, with both allies and adversaries urging Washington to roll back tariffs.
• At GMT 07:20, the dollar was down 0.41% to 143.91 against the Japanese yen.
• Immediate resistance is located at 144.61 (Daily high), any close above will push the pair towards 145.47(61.8%fib).
• Support is seen at 143.63(50%fib) and break below could take the pair towards 141.81(38.2%fib).
Recommendation: Good to sell around 144.00 with stop loss of 144.80 and target price of 143.40
