• USD/JPY is currently trading around 112.58 marks.
   
• It made intraday high at 112.82 and low at 112.44 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 111.91 marks.
   
• A daily close above 112.70 will take the parity higher towards key resistances around 113.50, 114.95, 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
   
• On the other side, a sustained close below 112.70 will drag the parity down towards key supports around 111.91, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
   
• Japan’s January industrial output prelim mm decreases to -0.8 % (forecast 0.3 %) vs previous 0.7 %.
   
• Japan’s January retail sales y/y increase to 1 % (forecast 0.9 %) vs previous 0.6 %.