USD/JPY flows: Opening Lower

The broad risk market is opening lower on Monday as market participants digest Moody's downgrade of U.S.. Major U.S. equity indexes are down and remains volatile but the magnitude are so far limited. Japan PM Ishiba says again can't accept US tariffs on autos, suggesting the trade deal between U.S. and Japan is unlikely to be imminent.

USD/JPY opened almost 40 pips lower than Friday's close and continues to trade 0.53% lower at 144.86.