Japanese Yen Trading Lower In the Morning session

In 24 hours, the US dollar declined 3.48% against the Japanese yen and closes at 106.32. In the Asian session, the US/JPY is trading at 106.52; the US dollar is trading 0.19% higher against Japanese Yen from yesterday close. Early in the session, the Japanese industrial production decreased 2.3% unexpectedly on an annual basis in January as compared to the 2.5% drop in the previous month. The pair will be stable at 105.36 and fall will lead to the next support level 104.19, but the rise could take it to the next resistance level of 108.43.