• USD/JPY is currently trading around 110.84 marks.
   
• It made intraday high at 110.87 and low at 110.35 levels.
   
• Today Japan released retails sales data with positive numbers at -0.8% m/m vs -1.0% m/m previous release. Analysts had expected retail sales to fall at annual rate of -1.2% last month.
   
• Intraday bias remains bullish for the moment.
   
• A daily close above 110.38 is required to take the parity higher towards key resistances around 111.34 (April 05, 2016 high), 112.60 (55D EMA) and 113.42 levels respectively.
   
• Alternatively, a sustained break below 109.47 will drag the parity down towards key supports at 108.72, 107.94, 106.15, 105.71, 105.45 and 104.55 levels respectively.
   
• Today US banks will be closed in observance of Memorial Day.