• USD/JPY is currently trading around 110.55 marks.
   
• It made intraday high at 110.76 and low at 110.42 levels.
   
• Today Japan released capital spending data with positive numbers at 4.2% q/q vs 1.9% q/q consensus forecast.
   
• It's a leading indicator of economic health - businesses are quickly affected by market conditions and changes in their investment levels can be an early signal of future economic activity such as hiring, spending, and earnings.
   
• Intraday bias remains bearish for the moment.
   
• A sustained break below 110.35 will drag the parity down towards key supports at 108.72, 107.94, 106.15, 105.71, 105.45 and 104.55 levels respectively.
   
• On the other side, a daily close above 111.44 is required to take the parity higher towards key resistances around 112.60 (55D EMA) and 113.42 levels respectively.