Japanese stocks are set to resume their selloff when the market opens on Monday, leaving investors little room to breathe amid intensifying fears over the global trade war.

Nikkei 225 Stock Average futures were at 31,340.00 on the Chicago Mercantile Exchange as of 7:01 a.m. Tokyo time, about 7% lower compared with the close for the underlying gauge on Friday. The yen gained past 1% Monday morning to trade at 145.41 per dollar.