• USD/JPY is currently trading around 108.61 marks.
   
• It made intraday high at 108.90 and low at 108.58 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 108.93 mark.
   
• A daily close above 108.93 will take the parity higher towards key resistances around 109.31, 109.62, 110.70, 111.44 and 112.40 levels respectively.
   
• On the other side, a sustained close below 108.38 will drag the parity down towards key supports around 107.84, 107.47, 106.76, 105.95, 104.00, 102.22, 101.68 and 100.98 levels respectively.
   
• Japan’s Nikkei was trading 0.30 pct higher at 22,908.50 points.
   
• Japan’s industrial production m/m stands at 1.4 pct vs -1.2 pct previous release (expected 0.4).