• USD/JPY is currently trading around 111.74 marks.
   
• It made intraday high at 111.88 and low at 111.36 levels.
   
• Intraday bias remains neutral for the moment.
   
• A series of economic data from Japan failed to lift Yen ahead of BOJ.
   
• In Japan, household spending eased 5.3% year-on-year in March, more than the 4.2% drop expected.
   
• Japan’s unemployment rate dropped to 3.2% from an expected 3.3% level as well as well as national core CPI dropped 0.3% year-on-year for March.
   
• Japan also reported provisional industrial production for March month-on-month rose 3.6%, more than the 2.9% gain seen, while retail sales slipped 1.1% year-on-year, less than the 1.5% declined expected.
   
• A sustained close above 111.88 will take the parity higher towards 112.60 and 113.42 levels respectively.
   
• Alternatively, a break below 111.23 will drag the parity down towards key supports at 110.95, 110.32, 109.48 and 107.87 levels respectively.