• USD/JPY cautious bid in Asia after closing 0.4% higher on Thursday

• Boosted by higher oil prices as Iran ceasefire optimism dissipates

• WTI crude up 2% in Asia, has gained nearly 10% from Thursday low

• US and Iran exchange fire, but Trump says ceasefire still in effect

• Japan may have spent $32 billion in additional yen-buying intervention

• Had spent $35 bln last week; 2.35% yen gain for $67 bln disappointing

• But appears to have halted the upside momentum of the USD for now

• Japan real wages climb for third month in Mar, backs case for BOJ rate hike

• Resistance 157.00, 157.20-25 , 157.70-80, support 156.50, 156.00-10

• Thursday range 156.02-156.97, Asia range 156.80-156.95
JPY:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)