Traders remain bearish for dealings in USD/JPY on Monday in the wake of today"s soft close. USD/JPY is currently at 118.04 and traders are targeting a move to 117.00 though option defense is reported ahead of 1117.50 and 117.00. For EUR/JPY, the market is now seen caught long after buying from model funds midday, and offers are now eyed at 162.80/163.00, hoping for a bounce. EUR/JPY is currently at 162.58.