• USD/JPY is currently trading around 113.88 marks.
   
• It made intraday high at 114.16 and low at 113.42 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 112.86 marks.


• A daily close above 114.00 will take the parity higher towards key resistances around 114.95, 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
   
• On the other side, a sustained close below 114.00 will drag the parity down towards key supports around 112.86, 111.35, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
   
• Japan’s Q4 GDP q/q decreases to 0.2 % (forecast 0.3 %) vs previous 0.3 %.
   
• Japan’s Q4 GDP q/q annualised decreases to 1 % (forecast 1.1 %) vs previous 1.4 % (revised from 1.3 %).