• USD/JPY is currently trading around 104.43 marks.
   
• It made intraday high at 104.85 and low at 104.35 levels.
   
• Intraday bias remains bearish for the moment. 
   
• A sustained close below 103.94 will drag the parity down towards key supports at 102.10 and 101.56 levels respectively.
   
• Alternatively, a daily close above 104.85 is required to take the parity higher towards key resistances around 106.12, 107.90, 110.44, 112.60 (55D EMA) and 113.42 levels respectively.
   
• Important to note here that, 20D, 30D and 55D EMA heads down and confirms bearish trend in a daily chart.
   
• Today is empty calendar for Japan but later today Fed chair Yellen testimony will provide further direction to the parity.