• USD/JPY is currently trading around 107.95 marks.
   
• It made intraday high at 108.05 and low at 107.88 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 108.93 mark.
   
• A daily close above 108.93 will take the parity higher towards key resistances around 109.31, 109.62, 110.70, 111.44 and 112.40 levels respectively.
   
• On the other side, a sustained close below 108.02 will drag the parity down towards key supports around 107.84, 107.47, 106.76, 105.95, 104.00, 102.22, 101.68 and 100.98 levels respectively.
   
• Japan’s Nikkei was trading 0.53 pct lower at 22,905.50 points.
   
• Japan’s manufacturing PMI stands at 48.4 pct vs 48.9 pct previous release (expected 48.5).
   
• Japan’s unemployment rate stands at 2.4 pct vs 2.2 pct previous release (expected 2.3).