• USD/JPY ensconced in daily Ichimoku cloud, below 200-DMA, Asia 157.72-158.11

• Looks to be in stasis, Ichimoku cloud 156.64-158.44, 200-DMA 158.57 above

• Upside seen capped ahead of 159.00, 158.95 EBS highest recently on Oct 14

• Japanese exporters, others continue to look to sell into rallies

• Renewed Nikkei weakness this week could see foreign buyers cut ccy hedges

• Importer demand still eyed on dips and still somewhat supportive

• In options, no massive expiries today till 157.00-15 total $1.1 bln

• Fading Fed Oct rate hike expectations saw JGB-US rate differentials narrow

• In 2s to around 212 bps, in 10s to around 212-215 bps

• IMM CTAs cut some JPY longs but still hefty at 50,207 contracts latest week

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• Also , Japan news , IMF on BOJ

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(Haruya Ida is a Reuters market analyst. The views expressed are his own)