USD/JPY flows: Opened lower Post-Powell

With Powell open to the idea of a 50bps rate cut in September on Friday night, the USD is in free fall along with U.S. Treasury Yields across the curve. Asian market participants agreed with the previous momentum and see more follow through USD selling at the opening on Monday. Majors opened not in favor of USD with USD/JPY leading the fall.

USD/JPY opened 15 pips lower at 144.18 and is looking south at 143.53, 0.55% lower for the session so far.