• USD/JPY is currently trading around 111.31 marks.
   
• It made intraday high at 111.49 and low at 111.12 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 112.20 marks.
   
• A daily close above 111.36 will take the parity higher towards key resistances around 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 111.36 will drag the parity down towards key supports around 110.93, 110.17, 109.72, 106.72, 106.03 and 104.96 levels respectively.
   
• Japan Q1 tankan big manufacturing index increase to 12 (forecast 14) vs previous 10.
   
• Japan Q1 tankan big non- manufacturing index increase to 20 (forecast 20) vs previous 18.
   
• Japan March Nikkei manufacturing PMI decreases to 52.4 vs previous 52.6.