• USD/JPY down 0.1% in Asia after closing 0.25% lower on Wednesday

• Weighed down by concerns the Fed is behind the curve on inflation

• Fed held rates steady in 3.50%-3.75% range; 3 of 12 policymakers back hike

• Oil rises sharply as Iran war widens, Wall Street fell sharply

• Longer-dated Treasury yields jump as inflation concerns grip markets

• Focus shifts to Friday, BOJ's rate decision; hawkish hold expected

• Support 163.00, 162.70, 162.50, resistance 163.60, 163.90-164.00

• Wednesday range 163.23-163.91, Asia 163.21-163.45
JPY:

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