• USD/JPY -0.1% in quiet holiday-thinned trading; Japanese markets off Mon-Wed

• Weighed down by lower oil prices; US crude -1% in Asia after 1.6% Fri drop

• Downside limited as Fed seen as more hawkish on policy than BOJ

• BOJ 25bps Fri hike seen as relatively modest; dissents disappoint investors

• Fed's Kashkari says inflation is still too high in 'all aspects' of economy

• Threat of Japanese intervention in thin markets likely to cap rallies

• Support 156.50-60, 156.00-10, resistance 157.50, 158.00-10, 158.60-65

• Asia range 156.68-157.11
G7 inflation:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)