• USD/JPY unchanged in Asia as early rally to 144.36 quickly fades

• Gapped higher to 144.10 from NY 143.53 close on more tariff exemptions news

• Trump spared smartphones, computers, some electronics from China tariffs Fri

• But on Monday, Trump says chips from China will face national security probe

• Says further tariffs expected; USD slides to 143.525 low

• S&P E-mini pares 1.1% initial gains, now up only 0.6%

• Japan policymaker wants stronger yen, says Tokyo shouldn't sell Treasuries

• Remarks come as Japan gears up for trade talks with US on Thursday

• Some officials privately bracing for US to call on Tokyo to prop up the yen

• Asia range 143.525-144.36; Friday range 142.05-144.60
The Fed's foggy outlook:

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