USD/JPY flows: Drop on the opening bell

Over the weekend, we heard from Trump that he is not happy with Putin and suggest more tariff. As the key date approaches this week, market will be anxious about such remarks. Risk asset slumped with oil initially opened higher before retracing its gains.

Both the U.S. Treasury and JGB yields are lower and see USD/JPY down 0.48% to 149.09.