• USD/JPY is currently trading around 110.42 marks.
   
• It made intraday high at 111.03 and low at 110.25 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 111.48 marks.
   
• A daily close above 111.31 will take the parity higher towards key resistances around 111.80, 112.86, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
   
• On the other side, a sustained close below 111.31 will drag the parity down towards key supports around 110.26, 109.72, 108.79, 106.72, 106.03 and 104.96 levels respectively.
   
• Japan released SPPI data with positive numbers at 0.8% m/m vs previous 0.5%.