• USD/JPY is currently trading around 108.77 marks.
   
• It made intraday high at 109.27 and low at 108.71 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 109.18 mark.
   
• A daily close above 109.18 will take the parity higher towards key resistances around 109.54, 110.22, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
   
• On the other side, a sustained close below 108.36 will drag the parity down towards key supports around 107.46, 105.85, 104.00, 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
   
• Japan’s average cash earnings stands at 1.0 vs 1.2 previous release (expected 0.2).
   
• Japan’s household spending stands at -0.3 vs -3.9 previous release (expected -3.3).
   
• Japan’s Nikkei was trading 1.33 pct higher at 18,790.50 points.