USD/JPY flows: Resume downward traction

USD continues to be broadly soft on Monday's Asia session with U.S. Treasury yields slowly eroding opening gains. After the Japanese PM's announcement of not pursing another term, the Japan's LDP will hold its leadership election on September 27. 10yr JGB yields are refreshing last week's high at 0.9%.

USD/JPY dropped by 0.65% to 146.56, the losses were accelerated in Tokyo lunch time.