• USD/JPY market jittery, on nervous hold ahead of US jobs report tonight

• Japan FX intervention watch on after recent govt jaw-boning

• PM Takaichi looks to have signed off on action if seen necessary

• BOJ June hike on deck too, question whether July hike telegraphed too

• USD/JPY 159.98-160.01 EBS so far today, 160.09 highs past two days

• Japanese exporters likely on offer 160.00+ but Gotobi Tokyo fix today

• Japanese importers seen busy too, demand too on dips from specs, investors

• In options, $2.3 bln 159.90-160.00 strike expiries today, gravitational pull

• Below total $3.3 bln between 159.00-50, above $1.3 bln between 160.10-65

• JGB-US Tsy rate differentials in stasis for now, in 2s @265, 10s @181 bps

• Nothing definitive on US-Iran, crude oil prices off a tad

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USD/JPY nearby option expiries into next week:

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