Continuos Midi Activity

The continuous MIDI Activity is because your Yamaha keyboard sends both MIDI Clock, “F8” (it has a sequencer, arpeggiators, and tempo driven effects that rely on this Clock) and it also sends something called Active Sensing, “FE”. If you are the same Richard… you can find details on Yamaha Synth in the following post:

Bad Mister
Yamaha Pro Music Division

Thanks!
This is what happens when I connect the ‘Yamaha Montage’ synth.

Cubase/ I hid this
Right click on the Transport (exactly where the Midi Activity indicator is shown)
Uncheck the “MIDI ACTIVITY” option.