FxWirePro: USD/JPY eases as market focus on Fed and geopolitics

 • USD/JPY eased slightly on Tuesday as markets digested the outcome of a White House summit with European leaders, seen as pivotal for the next phase of the Ukraine conflict.

• On Monday, U.S. President Donald Trump assured Ukrainian President Volodymyr Zelenskiy that Washington would help guarantee Ukraine’s security under any potential agreement to end the war with Russia

• Market also await the Federal Reserve’s annual Jackson Hole symposium this week for signals on the policy outlook.

•Fed Chair Jerome Powell's remarks at the Jackson Hole symposium through August 21-23 could offer clarity on the central bank's economic outlook and policy framework.

•  At GMT 05:17, the dollar was down  0.19 % to 147.60 against the Japanese yen.

• Immediate resistance is located at 148.78(38.2%fib), any close above will push the pair towards 149.66(Higher BB).

•  Support is seen at 147.17(50%fib) and break below could take the pair towards  147.00(Psychological level).

Recommendation: Good to buy around 147.40, with stop loss of 146.50 and target price of 148.50