• USD/JPY down 0.2% in Asia on Iran deal hopes; had closed 0.4% higher Tue

• Trump pauses effort to escort ships in Hormuz, cites progress in talks

• Lower oil prices, easier U.S. yields weigh; WTI extends drop Wed, down 1.3%

• Fading prospects of Fed rate cuts likely to limit USD downside

• Japan closed Wed but focus remains on any yen intervention by Tokyo

• Resistance 158.00-10, 158.50; support 157.30-35, 156.80-85

• Tuesday range 157.07-157.92, Asia 157.55-157.93
JPY:

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