• USD/JPY pair showed some slight recovery on Wednesday, but the gains were limited as investors remained cautious ahead of upcoming speeches from policymakers
• The Federal Reserve will release the minutes from its August meeting which will show how many members supported a rate cut.
• Investor attention will also be on Bank of Japan Governor Kazuo Ueda when he appears in parliament on Friday.
• The pair has seen 145.65 -145.01 range on Wednesday , chart points to drop towards 144.00 level.
• Immediate resistance is located at 146.56 (Aug 7th high), any close above will push the pair towards 147.57 (38.2%fib).
• Support is seen at 144.34 (23.6%fib) and break below could take the pair towards 144.00(Psychological level).
Recommendation: Good to sell around 145.70, with stop loss of 146.80 and target price of 144.80
