FxWirePro: USD/JPY slips lower on US government shutdown fears

 USD/JPY slipped on Monday as investors sought safe-haven assets amid fears of a potential government shutdown and rising geopolitical tensions.

 • U.S. President Donald Trump is set to meet with senior congressional leaders from both parties on Monday to negotiate a government funding extension. Without an agreement, a federal shutdown will commence on Wednesday.

 • On the Geopolitical front,  attention remained on the war in Ukraine and the potential for increased military spending.

• Japan’s economic calendar this week includes the BOJ’s Q3 Tankan survey, industrial production, retail sales, jobs data, and final September PMIs.

• The Bank of Japan’s policy meeting summary for September 18-19 is due on Tuesday, while BOJ Governor Kazuo Ueda will hold a news conference after meeting business leaders in Osaka on Friday. 
 
• Immediate resistance is located at 149.53(Daily high), any close above will push the pair towards 150.97(23.6%fib).

•  Support is seen at 148.50 (38.2%fib) and break below could take the pair towards 147.91 (SMA 20)

Recommendation: Good to sell  around 148.60, with stop loss of 149.50 and target price of 148.00