• USD/JPY slides to 148.17 EBS early on fresh safe haven JPY buys

• Follows news of fresh Middle East tensions over the weekend nL4N3BF05O

• Slightly less hawkish Fed take too, lower US yields impact too nL8N3BF65X

• Yield on US Treasuries off on safe-haven flows, Fed-speak nL1N3BF25Y

• Yield on Tsy 2s gap down after US partial holiday @4.941%, 10s @4.650%

• Despite lower US yields, USD/JPY on bounce after early fall, to 148.67

• Gotobi Tokyo fix demand noted, Japanese importers busy

• Safe haven flows back into JPY also seen over for now, base in place?

• Options supportive too, providing some gravitational pull

• Today sees $1.2 bln in expiries between 148.50-60, large below/above too

• Tomorrow see to $1.7 bln between 148.20-25 strikes, $678 mln at 148.55

• Related nL1N3BG01C, for more click on FXBUZ

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