• Repercussions from Wall Street plunge, yen bid on presumed haven demand

• USD/JPY from 158.51 to 157.55 yesterday, Asia so far today 157.81 to 157.27

• Heading for 157.17-158.44 daily Ichimoku cloud base, 156.96 EBS low Oct 30?

• Resistance in place from flattening 200-HMA up at 157.89, then at 158.00

• Japanese exporters likely in sell-rally mode alongside foreign investors

• Nikkei likely down with Wall Street too, currency hedges to be taken off?

• Massive $4.2 bln in option expiries today at 158.00 strike, to help cap

• Plenty on 157 too - between 157.35-60 $2.1 bln, gravitational pull?

• Just below between 157.05-30 $744 mln, at 157.00 $1.7 bln, more on 156

• JGB-US Treasury rate differentials recently narrowing, continuation?

• Two-year rate differentials currently @269 bps, 10s @207 bps

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