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- USD/JPY is currently trading around 110.92 marks.
- It made intraday high at 111.17 and low at 110.76 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 111.12 marks.
- A daily close above 111.12 will take the parity higher towards key resistances around 112.07, 112.86, 113.57, 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 111.12 will drag the parity down towards key supports around 110.65, 109.27, 108.32, 106.72, 106.03 and 104.96 levels respectively.
- Japan July Nikkei manufacturing PMI decrease to 52.2 vs previous 52.4.
- Tokyo's Nikkei share average opens down 0.63 pct at 19,973.67.
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