• USD/JPY remained in strong bearish tone on Wednesday as demand for safe-haven yen steadied as worries over geopolitical tensions checked investors' risk appetite.
   
• The Syrian conflict has been the centre of concern for investors as it puts the United States on a collision course with Moscow, allies of Syrian President Bashar al-Assad. Fraying nerves further, North Korea warned on Tuesday of a nuclear attack on the United States.
   
• The ongoing weakness is set to continue for this pair as the resistance level at 110.40  is likely to act as strong barrier to the bulls and bring a further decline towards lower levels.
   
• To the upside, immediate resistance can be seen at 110.00, a break above this level would take the pair towards next resistance level at 110.40.
   
• To the downside immediate support can be seen at 109.32, a break below this level will open the gates towards next level at 108.54.
  
  Resistance Levels
  
  R1: 110.00 (Psychological levels)
  
  R2: 110.40 (23.6% Retracement level)
  
  R3: 110.95 (April 4th high)
  
  Support Levels
  
  S1: 109.32 (38.2 % Retracement level)
  
  S2: 108.54 (Nov 11 lows)
  
  S3: 107.98 (23.6 % Retracement level)