• USD/JPY is currently trading around 107.17 marks.
   
• It made intraday high at 107.70 and low at 107.09 levels.
   
• Intraday bias remains slightly bearish for the moment.
   
• A daily close above 107.96 will take the parity higher towards key resistances around 109.20, 110.42, 111.68, 112.40, 112.98, 114.00 and 115.22 mark respectively.
   
• On the other side, a sustained close below 107.09 will drag the parity down towards key supports around 105.70, 104.00, 102.35, 100.98, 99.78, 98.10, 96.25 and 94.50 levels respectively.
   
• Japan’s trade balance stands at 1,109.8B vs -1,313.2B previous release (expected 917.2B).
   
• Japan’s Nikkei was trading 2.05 pct higher at 17,390.44 points.