• USD/JPY on slightly higher plane but Japan intervention risk continues

• Asia so far 159.60-67 EBS, follows trudge up to 159.77 yesterday

• Risk of Japanese FX action seen larger, MOF waiting for more USD longs?

• MOF-speak conspicuous in absence yesterday, renewed jaw-boning today?

• USD/JPY now clearly above 156.52-158.87 daily Ichimoku cloud

• Cloud looking to taper going forward, top fall, base rise towards 158

• Tech support from 159.53 hourly Ichimoku kijun, ascending 100-HMA 159.41

• Hourly Ichimoku cloud 159.29-32 below

• Massive $2.3 bln in option expiries today between 158.50-159.10, supportive

• Some at 159.75 strike above and larger $1.7 bln up at 160.00 strike

• JGB-US Treasury 2-year rate differentials narrower, 10s near recent lows

• Middle East impasse, higher crude oil prices to continue to weigh on JPY

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