• USD/JPY is currently trading around 109.38 marks.
   
• It made intraday high at 109.44 mark and low at 109.24 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 108.40 mark.
   
• A daily close above 109.52 will take the parity higher towards key resistances around 109.72, 110.70, 111.44 and 112.40 levels respectively.
   
• On the other side, a sustained close below 108.40 will drag the parity down towards key supports around 108.02, 107.47, 106.76, 105.95, 104.00 and 102.22 levels respectively.
   
• Japan’s Nikkei was trading 0.02 pct lower at 24,023.50 points.
   
• Japan’s flash manufacturing PMI stands at 48.8 vs 48.9 previous release (expected 48.7).