• USD/JPY pushed up to as high as 160.34 EBS Friday but no Japan intervention

• Strong US jobs report and higher US yields, broad USD strength factors

• Japan MOF couldn't act in light of such factors? But threat of action still

• USD/JPY limited still on this threat, Asia so far today 159.86-160.36

• Could be the start of a choppy session with market nervous

• Spot cleared tapering, now lower daily Ichimoku cloud, above 159.67 tenkan

• Also well clear of ascending hourly cloud, tenkan 160.11, kijun 160.04

• In options, massive $3.4 bln in expiries today at 160.00 strike

• Also total $1 bln or so between 160.25-30 strikes close to current spot

• US yields up but JGB yields too, little change in rate differentials

• With no real moves towards peace in Middle East, USD to remain better bid?

• Crude oil prices up again early Asia after NY declines Friday

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