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US TSY FUTURES

Poised to Extend Midday Lows

EURGBP TECHS

Recovery Holds For Now

EURGBP TECHS

Recovery Holds For Now

DOLLAR-YEN
DOLLAR-YEN: USD/JPY charted another Doji candlestick yesterday, after
oscillating through the risk-on/risk-off session. The resurgence of the novel
coronavirus in Beijing & geopolitical concerns were weighed against a strong
beat in U.S. retail sales, which sent an optimistic signal re: prospects for
economic recovery. 
- Elsewhere, the BoJ left its main policy settings unchanged, while upping the
size of its corporate credit provisions. Governor Kuroda said Japan's central
bank will not be able to hike interest rates before the Fed does, adding that
raising rates in either FY2021 or FY2022 is unlikely.
- USD/JPY last sits at Y107.39, slightly higher on the day as U.S. equity index
futures have turned green. A move through the 50-DMA at Y107.53 would open up
Jun 10 high of Y107.87. Meanwhile, losses past Jun 11 low of Y106.58 would shift
focus to May 11 low of Y106.40.
- Japan reports its trade balance shortly. National CPI data comes out on
Friday.
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com
MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com