• USD/JPY is currently trading around 109.46 marks.
   
• It made intraday high at 109.57 mark and low at 108.92 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 108.40 mark.
   
• A daily close above 109.29 will take the parity higher towards key resistances around 109.57, 110.70, 111.44 and 112.40 levels respectively.
   
• On the other side, a sustained close below 108.40 will drag the parity down towards key supports around 108.02, 107.47, 106.76, 105.95, 104.00 and 102.22 levels respectively.
   
• Japan’s Nikkei was trading 2.23 pct higher at 23,947.50 points.
   
• Japan’s Tankan manufacturing index stands at 0 vs 5 previous release (expected 3).
   
• Japan’s Tankan non - manufacturing index stands at 20 vs 21 previous release (expected 16).