Asian markets opened the week under pressure after a weaker-than-expected U.S. jobs report deepened worries about global growth and pushed traders to price in a Federal Reserve rate cut as soon as September, with some desks now assigning odds to a 50-basis-point move. Friday’s payrolls miss sent Wall Street to its biggest one-day slide since May and knocked the dollar index to a two-month low, setting the tone for Monday’s regional session. In Japan, the flight to safety lifted 10-year government-bond futures by 0.8 point to their strongest level since July 8. The benchmark 10-year yield fell 8.5 basis points to 1.465%, while the five-year yield slipped 8 basis points to 1%. Longer-dated paper moved the other way, with the 30-year yield edging up 1 bp to 3.11% and the 40-year yield rising 2 bps to 3.38%, as investors eyed a 10-year debt sale scheduled for Tuesday. Equity sentiment was weak: the Nikkei 225 dropped 1.8%, while Australia’s ASX 200 shed 0.2%; South Korea’s Kospi managed a 0.3% gain. Currency moves mirrored the shift in rate expectations. The dollar eased to ¥147.15 and the euro firmed to $1.1589 before the greenback steadied, and Reuters data showed emerging-market currencies including the Indian rupee strengthening on the softer dollar backdrop. Traders said the rupee’s advance toward 87.2 per U.S. dollar could be tempered by fresh U.S. tariff worries and this week’s Reserve Bank of India policy meeting.