• USD/JPY buoyant but holding for the most part below 158.00

• Asia range so far 157.22-73 EBS, still below 157.99 200-DMA

• Spot however creeping back into descending hourly Ichimoku cloud

• Cloud currently 157.63-159.47, ascending tenkan 157.20 below, kijun 156.58

• Tech resistance from well ahead of cloud top, 160.16 descending 100-HMA?

• Market still on tenterhooks over possible Japan-US FX intervention

• Rate checks by either authorities would have an impact too

• Most continue to see sideways action on 157 ahead of 158

• Related comment , also , for more click on [FXBUZ]

USD/JPY hourly:

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