- USD/JPY is currently trading around 108.60 marks.
- It made intraday high at 108.90 and low at 108.53 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 108.90 marks.
- A daily close above 108.90 will take the parity higher towards key resistances around 109.46, 110.10, 111.40, 111.87, 112.56 and 113.44 levels respectively.
- On the other side, a sustained close below 108.90 will drag the parity down towards key supports around 108.54, 107.65, 106.98, 106.61 and 105.98 levels respectively.
- Japan April industrial output prelim mm decrease to 0.3 % (forecast 1.2 %) vs previous 1.4 %.
- Japan May IP forecast 1 month ahead decrease to 0.3 % vs previous 3.1 %.
- Japan June IP forecast 2 month ahead increase to -0.8 % vs previous -1.6 %.
- Tokyo's nikkei share average opens up 0.66 pct at 22,163.40.
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