• USD/JPY is currently trading around 111.01 marks.
   
• It made intraday high at 111.04 and low at 110.63 levels.
   
• Intraday bias remains slightly bullish till the time pair holds key support at 110.48 marks.
   
• A daily close above 110.75 will take the parity higher towards key resistances around 111.22, 111.84, 112.62, 113.79, 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 110.75 will drag the parity down towards key supports around 110.23, 109.60, 108.32, 106.72, 106.03 and 104.96 levels respectively.
   
• Japan’s Q1 business capex (mof) y/y increase to 4.5 % vs previous 3.8 %.
   
• Japan’s May Nikkei manufacturing PMI increase to 53.1 vs previous 52.0.