• USD/JPY is currently trading around 104.77 marks.
   
• It made intraday high at 104.97 and low at 104.40 levels.
   
• Intraday bias remains neutral for the moment. 
   
• Pair holds in tight range from 103.85 to 105.00 mark.
   
• A sustained close below 103.85 will drag the parity down towards key supports at 102.10 and 101.56 levels respectively.
   
• Alternatively, a daily close above 105.00 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. Current upside movement is short term trend correction only.
   
• Japan will release manufacturing PMI data at 0200 GMT. On the other side, the main event for the day is BREXIT vote on whether or not to remain in the European Union.