• USD/JPY is currently trading around 109.65 marks.
   
• It made intraday high at 109.89 and low at 109.56 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 109.88 marks.
   
• A daily close below key support 109.48 will take the parity down towards 108.68, 107.86 and 105.72 levels.
   
• On the other side, a sustained close above 109.89 will take the parity towards 111.30/112.60 levels.
   
• On the top side, initial resistance levels are seen at 109.88, 111.30, and 112.60 marks respectively.