USD/JPY flows: Intervention Fear Bids

Following Friday's momentum, we are seeing more JPY bids at the opening bell. The key trigger from Friday was rumors of a Fed rate check, the next leg over the weekend was Takaichi's warning that authorities are ready to combat speculative behavior. 

USD/JPY opened a figure lower than Friday's close at 154.63 and is trying to close the gap to still trade 0.45% lower at 155.04.