• USD/JPY is currently trading around 111.36 marks.
   
• It made intraday high at 111.48 and low at 111.25 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 111.78 marks.
   
• A daily close above 111.42 will take the parity higher towards key resistances around 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 111.42 will drag the parity down towards key supports around 110.70, 109.27, 108.32, 106.72, 106.03 and 104.96 levels respectively.
   
• BOJ April meeting minutes - Members agreed JGB purchases will fluctuate somewhat under YCC.
   
• BOJ April meeting minutes - Members agreed inflation expectations remain weak.
   
• BOJ April meeting minutes - Members agreed that gains in industrial production will continue.
   
• BOJ April meeting minutes - Members agreed there is high chance exports will continue to show solid gains.