• Seems position adjustments taking place ahead of tonight's US jobs report

• USD/JPY from 162.58 early high to 162.37 EBS, into 162.28-55 hourly cloud

• Tracking away from 162.84 record high Tuesday, 162.77 high yesterday

• Towards 162.30 retracement low yesterday

• Should yen short-covering continue into London, US, more downside possible

• Support below ascending hourly Ichi cloud at ascending 100-HMA at 162.17

• More support/bids eyed around 162.00, then ascending 200-HMA at 161.91

• Market nervous over possible Japan FX intervention post-US jobs report

• In thin conditions, talk FX action could continue into Friday's US holiday

• Related comment , also ,

• On possible Japan FX action , for more click on [FXBUZ]

USD/JPY hourly:

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