• USD/JPY up leg on crude oil price rise on Iran uncertainty, broad USD gains

• Could be wrong move depending on US payrolls/jobs report, USD lower if weak?

• Expectations currently for NFP +80K, unemployment at 4.2%

• USD/JPY 158.39-49 EBS in Asia so far after 157.57 to 158.55 rally yesterday

• Interesting that move up on to 158 handle took place after Tokyo close

• Nervousness still over possible Japan FX intervention but fading a bit

• USD/JPY back above 200-DMA at 158.07, towards 158.92-161.28 daily Ichi cloud

• Now well above 157.40-60 hourly Ichi cloud, near 158.39 tenkan, kijun 158.06

• JGB-US Treasury rate differentials at recent narrows, in 2s around 263 bps

• Option expiries today 158.00 $765 mln, 158.25-50 $623 mln, 159.00 $557 mln

• Related comments , , ,

• And , , also

• US markets , , ,

• On Japan April-May FX action , for more click on [FXBUZ]

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