• USD/JPY declined on Wednesday as dollar edged down after U.S. President Donald Trump raised the spectre of a government shutdown to fulfill a campaign pledge, but overall moves among major currencies were limited ahead of this week's Jackson Hole global central bankers' conference.
   
• The U.S. government is bumping up against its debt ceiling, with the possibility that it will be unable to pay all its bills in October and face a shutdown unless Congress approves an increase in its borrowing capacity by the end of next month.
   
• Investors are awaiting speeches from Fed Chair Janet Yellen and European Central Bank President Mario Draghi on Friday in Jackson Hole, though neither is expected to announce new policy messages.
   
• The dollar fell 0.4 percent to 109.17 yen, but it remained well above a four-month low of 108.65 yen set late last week.
   
• The pair remains under bears control unless until it trades below 109.76 resistance level, therefore it is good to sell this pair on rallies.
   
• To the upside, immediate resistance can be seen at 109.37, a break above this level would take the pair towards next resistance level at 109.76.
   
• To the downside immediate support can be seen at 108.98, a break below this level will open the gates towards next level at 108.48.
  
  Resistance Levels
  
  R1: 109.37 (50% Retracement level)
  
  R2: 109.76 (61.8% Retracement level)
  
  R3: 110.00 (Psychological levels)
  
  Support Levels
  
  S1: 108.98 (38.2% Retracement level)
  
  S2: 108.48 (23.6% Retracement level)
  
  S3: 108.10 (April 17th lows)