• USD/JPY low today limited to 155.25 EBS but bias remains down

• Levels to watch on the downside include post-FX action 155.20 low Aug 3

• Another daily low of 155.00 seen on May 6 after intervention from Apr 30

• Technically, breaks below both these levels bearish, could see even lower

• Likely targets on decisive move below 155.00 include 152.28 trough Feb 12

• Another low of 152.10 seen on Jan 27, this level and 152.00 key supports

• Some consolidation looks to be in order after big move down from Wednesday

• That said, shift in sentiment towards the yen cannot be denied

• With the market still seen short JPY, bias likely to remain down

• MOF's Mimura said eyeing FX moves closely, not yet comfortable with yen

• Comments yesterday and repeat today suggest MOF OK with JPY rally?

• Related comment , also

• On Mimura-speak , , for more click on [FXBUZ]

USD/JPY:

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