• USD/JPY is currently trading around 104.26 marks.
   
• It made intraday high at 104.49 and low at 103.97 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 104.98 marks.
   
• A daily close above 104.98 will take the parity higher towards key resistances around 106.12 and 107.46 levels respectively.
   
• On the other side, a sustained break below 103.90 will drag the parity down towards key supports at 102.45, 101.47, 100.59, 99.99, 99.27 and 98.78 levels respectively.