• USD/JPY down 0.15% in Asia as 158.40-50 resistance continues to cap rallies

• Pair had closed 0.3% higher on Friday after trading in a 157.77-158.43 range

• Was supported by recovery in US short-term yields; 2-yr closed 3.5bps higher

• Traders eye US-Russia diesel deal, weekend Middle East conflict escalation

• Trump announces Ukraine energy ceasefire with Russia, surprising Zelenskiy

• Japanese markets closed Mon; above 158.50-55 opens 159.00

• Support 158.00-05, 157.75-80
US Umich present v future:

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