• USD/JPY is currently trading around 108.50 marks.
   
• It made intraday high at 108.56 mark and low at 108.45 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 108.40 mark.
   
• A daily close above 108.86 will take the parity higher towards key resistances around 109.52, 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 0.18 pct higher at 23,419.50 points.
   
• Japan’s core machinery orders stands at -6.0 vs -2.9 previous release (expected 0.7).