• USD/JPY is currently trading around 102.82 marks.
   
• It made intraday high at 103.02 and low at 102.68 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 102.84 marks.


• A sustained break below 102.17 will drag the parity down towards key supports at 101.55, 100.98, 99.27 and 98.82 levels respectively.
   
• Alternatively, a daily close above 102.85 is required to take the parity higher towards key resistances around 103.45, 104.80, 106.12 and 107.46 levels respectively.
   
• Japan May industrial output prelim m/m decrease to -2.3 % (forecast -0.1 %) vs previous 0.5 %. It is the lowest level since June 2013.