• USD/JPY dipped toward the 143.00 level on Thursday as investors sought safety in the yen amid rising concerns over the U.S. government's mounting debt burden.
• Trump's sweeping tax bill cleared a key hurdle on Thursday as the House voted along party lines to begin debate ahead of a final vote later in the day.
• The nonpartisan Congressional Budget Office estimates the bill will add $3.8 trillion to the $36.2 trillion U.S. debt over the next decade.
• At GMT 10:03, the dollar was down 0.17% to 143.44 against the Japanese yen.
• Immediate resistance is located at 145.25 (50%fib), any close above will push the pair towards 146.00(Psychological level).
• Support is seen at 142.88(38.2%fib) and break below could take the pair towards 141.44 (23.6%fib ).
Recommendation: Good to sell around 143.60 with stop loss of 144.60 and target price of 142.00
