• USD/JPY is currently trading around 114.83 marks.
   
• It made intraday high at 114.89 and low at 114.64 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 114.77 marks.
   
• A daily close above 114.77 will take the parity higher towards key resistances around 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
   
• On the other side, a sustained close below 114.77 will drag the parity down towards key supports around 114.33, 113.68, 112.74, 111.91, 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
   
• Japan’s January machinery orders m/m decrease to -3.2 % (forecast 0.5 %) vs previous 6.7 %.
   
• Japan’s January machinery orders y/y decrease to -8.2 % (forecast -3.3 %) vs previous 6.7 %.
   
• Japan’s March corporate goods price m/m decrease to 0.2 % vs previous 0.6 %.