• USD/JPY is currently trading around 108.90 marks.
   
• It made intraday high at 109.02 and low at 108.79 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 108.42 marks.
   
• A daily close above 108.85 will take the parity higher towards key resistances around 109.86, 111.58, 112.20, 112.86, 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 108.42 will drag the parity down towards key supports around 106.72, 106.03 and 104.96 levels respectively.
   
• Japan’s March exports y/y increase to 12 % (forecast 6.7 %) vs previous 11.3 %.
   
• Japan’s March imports y/y increase to 15.8 % (forecast 10.4 %) vs previous 1.2 %.
   
• Japan’s March trade balance total yen decrease to 614.7 bln jpy (forecast 575.8 bln jpy) vs previous 813.4 bln jpy.