• USD/JPY is currently trading around 109.62 marks.
   
• It made intraday high at 109.69 and low at 109.28 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 108.68 marks.
   
• A daily close below key 109.00 will take the parity down towards 108.68, 107.43 and 105.72 levels.
   
• Alternatively, a sustained break above 109.68 will take the parity towards 112.60 levels.
   
• On the top side, initial resistance levels are seen at 109.68, 111.23, and 112.60 marks respectively.
   
• China’s GDP growth is forecast to have decelerated from an annualized 6.8% in the December quarter to 6.7% last quarter, the slowest pace since 2009.