Yes: but it's messy. You spin in a loop with a BIT instruction polling the PPU_STATUS register and a BVC instruction pointing backwards waiting for bit 6 to be set. Besides the fact that you're stuck doing this, the main problem is synchronization, this little loop takes 7 CPU cycles (with each CPU cycle taking 3 PPU cycles, or 3 "pixels" of distance) leading to an 21 "pixel" variance. When dealing with the very short horizontal blanking period between scanlines, it leaves very little time to do anything meaningful with the PPU in that window.

If you've ever noticed some "weird flickering" near status bars in NES games, this is probably the culprit: Few very skilled developers were able to pull it off cleanly.