• Risk-off reinforced by renewed concerns over Brexit after effects boosted safe-haven flows for the Japanese yen.
   
• USD/JPY slipped below the 101 handle to hit lows of 100.58, before paring some losses to currently trade around 100.88.
   
• The pair is recovering from lows amid profit taking after speculation about BOJ verbal intervention.
   
• Intraday bias is lower, RSI, Stochastics on daily charts point south and MACD is well below the zero mark.
   
• Technically, we see scope for break below channel base which could drag the pair to next support at 99.57.
   
• However, how much yen appreciation the BoJ will tolerate is keeping markets wary.
   
• Support is seen at 100.58 (channel base) ahead of 100.35 (lower Bollinger Band) and then 100 levels.
   
• Resistance on the upside seen at 101, 101.76 (session highs) and then 102 levels.