• USD/JPY is currently trading around 110.20 marks.
   
• It made intraday high at 111.32 and low at 110.08 levels.
   
• Intraday bias remains bearish for the moment.
   
• A daily close above 111.20 will take the parity higher towards key resistances around 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
   
• On the other side, a sustained close below 111.20 will drag the parity down towards key supports around 109.32, 107.00, 105.85, 104.00, 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
   
• Japan’s manufacturing PMI stands at 44.8 pct vs 47.8 pct previous release (expected 42.1 pct).
   
• Japan’s Nikkei was trading 6.50 pct higher at 18,007.50 points.
   
• Japan will release core CPI data around 0500 GMT.