- USD/JPY is currently trading around 111.94 marks.
- It made intraday high at 111.98 and low at 111.77 levels.
- Intraday bias remains neutral till the time pair holds key support at 111.55 marks.
- A daily close above 111.93 will take the parity higher towards key resistances around 112.86, 113.57, 114.88, 115.50, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
- On the other side, a sustained close below 111.93 will drag the parity down towards key supports around 111.14, 110.65, 109.27, 108.32, 106.72, 106.03 and 104.96 levels respectively.
- Japan June trade balance total yen increase to 439.9 bln jpy (forecast 484.7 bln jpy) vs previous -203.4 bln jpy.
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