• USD/JPY trading tad lower ahead of BOJ, Asia 157.60-89 EBS

• USD tad lower across the board with Wall Street, US Treasury yields off

• USD/JPY still ensconced in 156.63-158.44 daily Ichi cloud, 200-DMA 158.55

• Pivoting around 157.84-158.03 ascending hourly Ichimoku cloud

• Support from area of 100/200-HMAs at 157.68/67? Bids below?

• Some large option expiries in area again today, to help contain spot?

• On 156 $2.1 bln, 157.00-50 $2.5 bln, 157.65-95 $1.3 bln, 158.00 $2.1 bln

• Also between 158.05-75 strikes total $1.9 bln

• JGB-US Treasury rate differentials narrower again, 2s @278, 10s @216 bps

• BOJ hawkish hold eyed but surprise hike would send yen higher

• Japanese exporters, others to sell on any hike, importer buys on slump

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(Haruya Ida is a Reuters market analyst. The views expressed are his own)