• USD/JPY is currently trading around 111.68 marks.
   
• It made intraday high at 111.79 and low at 111.42 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 112.86 marks.
   
• A daily close above 111.71 will take the parity higher towards key resistances around 112.86, 113.49, 114.88, 115.61, 117.21, 118.18, 118.66, 119.52 and 120.46 levels respectively.
   
• On the other side, a sustained close below 111.71 will drag the parity down towards key supports around 110.85, 109.72, 106.72, 106.03 and 104.96 levels respectively.
   
• BOJ minutes - Members shared view that yield curve is formed in smooth manner under YCC.
   
• BOJ minutes - Most members said companies will likely raise prices as consumer spending increases moderately.
   
• BOJ minutes - Members shared view that risks to economy, prices are to the downside.
   
• Japan’s February exports y/y increase to 11.3 % (forecast 10.6 %) vs previous 1.3 %.
   
• Japan’s February imports y/y decrease to 1.2 % (forecast 0.6 %) vs previous 8.5 %.
   
• Japan’s February trade balance total yen increase to 813.4 bln jpy (forecast 822.0 bln jpy) vs previous -1086.9 bln jpy.