• USD/JPY is currently trading around 107.98 marks.
   
• It made intraday high at 108.32 and low at 107.87 levels.
   
• Today Japan released core machinery orders data with positive numbers.
   
• Private sector machinery orders excluding ships and utility items fell a seasonally-adjusted 9.2% month-on-month in February, according to data released by Japan's Cabinet Office on Monday, after surging 15% in January. Analysts expected 11.9% decline in machinery orders in February.
   
• A daily close below 107.68 will take the parity down towards 107.43, 107.09 and 105.72 levels.
   
• On the top side, initial resistance levels are seen at 108.05, 109.68, 111.23, and 112.60 marks.