USD/JPY down 0.7% in Asia, sold from opening level of 142.405 as bears reign

Undermined by persistent expectations of an aggressive Fed rate cut Wed

Chances of 50-bp cut at 65% despite Tuesday's robust U.S. economic data

Caution required as Fed likely to disappoint uber-dovish investors

Upside likely to be limited on diverging Fed-BOJ rate expectations

BOJ to signal gradual, steady rate hikes at next policy meeting Friday

Resistance 142.49, 38.2% Fibo of 147.20-139.58 drop; more at 143.00

Support 141.00, 140.60-70; range Wed 141.36-142.405

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