• USD/JPY is currently trading around 103.62 marks.
   
• It made intraday high at 104.80 and low at 103.33 levels.
   
• Intraday bias remains bearish for the moment.
   
• A daily close above 104.51 will take the parity lower towards key resistances around 105.63, 107.52, 109.20, 110.42, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
   
• On the other side, a sustained close below 104.51 will drag the parity down towards key supports around 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
   
• Japan’s PPI data stands at 0.8 vs 1.5 previous release (expected 1.1 pct).
   
• Japan’s BSI manufacturing index stands at -17.2 pct vs -7.8 pct previous release (expected -10.2 pct).
   
• Japan’s Nikkei was trading 5.54 pct lower at 18,400.50 points.