• USD/JPY holds gain as equities firm after US-China talks announced, PBOC cut

• Upward momentum in pair stalls ahead of Fed decision later Wed.

• Session range so far 142.45-143.45 on EBS with intraday supp. 142.75-90

• Overnight vol at 20% before Fed, number of options roll off on Wed.

• Vols ease, skews little changed with spot in middle of 140-146 range

• Turnover firms as Tokyo returns from Golden Week holidays

• Japan's service sector activity returned to growth in April

• S&P revised Honda outlook to negative due to tariffs

• Pair bounces above 21-DMA though lower daily highs weighs

• Supp: 143.24 21-DMA, 141.97 April 29 low; 141.68, April 22 high

• Resist: 143.54 200-HMA; 143.94 conversion line; 144.03 April 25 high
Yen

(Robert Fullem is a Reuters market analyst. The views expressed are his own.)