USD/JPY flows: Opened sharply lower

USD/JPY opened sharply lower at 152.16 from 152.92’s Friday close amid a Japanese holiday. The trigger comes from weekend election polls, which shows a neck to neck race in the U.S. presidential election in the last few days.

The uncertainty seems to have exacerbated move on a Monday open and we see USD/JPY currently trading 0.6% lower at 152.