• USD/JPY holding relatively bid again on 160, Asia so far today 160.24-37 EBS

• Seems expected BOJ hike today fully discounted, being shrugged off by market

• EconMin Kiuchi to attend today's meeting, likely pressure Policy Board

• Well known government wants BOJ to be maybe less hawkish than it already is

• Could affect the breadth of the hike and communication on July-September

• Market at large seems more interested on what the Warsh Fed will do tomorrow

• This especially barring surprises from the BOJ, at the Uchida presser after

• With the yen not strengthening at all, FX intervention watch on, post-BOJ?

• Unless there is some sort of action, 161 could be in spec sights

• Massive option expiries tipped at 162.00 and especially 165.00 bull targets

• Massive expiries today to downside - 157.00 $2.2 bln, 157.30-85 $1.2 bln

• 158.00 $2.3 bln too, less above, on 159 $1.3 bln, 160.50-161.00 $858 mln

• JGB-US Treasury rate diffs mixed, in 2s @263, narrower, 10s @185 bps, wider

• Some demand eyed at Tokyo fix as usual but likely quiet later into BOJ

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