FxWirePro: USD/JPY slips as U.S. debt concerns mount

• 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