• USD/JPY is currently trading around 102.55 marks.
   
• It made intraday high at 102.67 and low at 102.42 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 103.38 marks.
   
• A daily close above 103.45 is required to take the parity higher towards key resistances around 103.78, 104.80, 106.12 and 107.46 levels respectively.
   
• On the other side, a sustained break below 102.17 will drag the parity down towards key supports at 101.55, 100.98, 99.27 and 98.82 levels respectively.


• Japan’s Monetary Base fell to 25.4%, from 25.5% in the preceding month.
   
• US banks will be closed in observance of Independence Day.