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• USD/JPY remains bid after early Asia dip on risk aversion fades
• Decline to 157.45 from Fri 157.64 close sees strong demand on Fed rate bets
• Fed officials make case for rate hikes amid ongoing inflation concerns
• EUR/JPY unchanged after falling to a 1-yr low Fri on Europe fiscal concerns
• Upside for pair limited on France outlook cut, Frankfurt riots and looting
• Midterm US elections Tue, earnings, jobs data loom for AI-wary markets
• Support 157.40-45, 157.00-05, resistance 158.00-10, 158.50-60
• Asia Monday range 157.45-157.82; Japanese markets closed on Tuesday
Big Tech:
(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)