• USD/JPY is currently trading around 109.38 marks.
   
• It made intraday high at 109.49 and low at 109.27 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 109.48 marks.
   
• A daily close below key support 109.48 will take the parity down towards 108.68, 107.86 and 105.72 levels.
   
• On the other side, a sustained close above 109.89 will take the parity up towards 111.30/112.60 levels.
   
• On the top side, initial resistance levels are seen at 109.88, 111.30, and 112.60 marks respectively.
   
• Japan will release flash manufacturing PMI data at 0200 GMT. Market anticipates reading around 49.6 m/m vs 49.1 m/m previous release.