This article explains the special configuration requirement for SNMP to work on loop back interface.
For other SNMP configurations please refer to KB16545 - SRX Getting Started - Configure SNMP Agent [juniper.net] .
You may encounter the following errors when polling to loop back interface.
Connection timeout
This issue can occur if lo0 is specified under snmp interfaces but not on the external interface through which the lo0 is reachable.
lo0
snmp interfaces
Add the external interface to snmp interfaces through which the lo0 and SNMP agent communicates. It is not necessary to add snmp to host-inbound services for external interfaces. This issue will not be seen if no interfaces are specified under "snmp interfaces". Please make sure the necessary security policies are in place to allow communication between external interface and loop back (lo0).
snmp