USD/JPY on the back foot in Asia after closing 0.7% lower Friday

Weighed down by growing expectations that Fed is done with rate hike cycle

Expectations of a Fed rate cut in March now at 28%, up from 7% last month

Undermined by cooling inflation and recent string of softer jobs data

U.S. 10-year yield falls to 2-month low Friday before recovering

BOJ stepping up hawkish comments last week also supports JPY

Strong support at 149.27, 55-DMA; pair not closed below since July 31

Resistance 150.20-25, 150.50-55; Fri range 150.77-149.20

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