• USD/JPY is currently trading around 109.46 marks.
   
• It made intraday high at 110.23 and low at 109.43 levels.
   
• Today Japan released corporate service price index data with flat numbers at 0.2% m/m as expected.
   
• Intraday bias remains bearish for the moment.
   
• A sustained close above 110.38 is required to take the parity higher towards key resistances around 111.34 (April 05, 2016 high), 112.60 (55D EMA) and 113.42 levels respectively.
   
• Alternatively, a sustained break below 109.17 will drag the parity down towards key supports at 108.72, 107.94, 106.15, 105.71, 105.45 and 104.55 levels respectively.