• USD/JPY firms as risk tone improves following Friday's U.S. share drop

• Pair buoyed by EUR/JPY short-covering after German elections

• Ukraine peace efforts may be progressing as Trump has talks with G7 leaders

• USD gains are slowed by lower Treasury yields after a soft Dallas Fed report

• USD/JPY option skews widen amid downside demand as March event risks near

• Japan services PPI slated for Tuesday release

• Supp: 148.64-65 Oct 4 close and Dec low, 148.55 100-week MA

• Resist: 150.93 Feb 7 low, 151.11 weekly cloud bottom
Yen

(Robert Fullem is a Reuters market analyst. The views expressed are his own.)