USD/JPY lost ground Thursday, as.........>

DOLLAR-YEN: USD/JPY lost ground Thursday, as renewed risk aversion inspired a

global equity rout, with S&P 500 finishing almost 6% lower. Participants

reassessed expectations for the economic impact of the coronavirus pandemic,

while showing concern over coronavirus figures from some U.S. states, which

seemed to point to a second wave of infections.

- Tokyo lifted coronavirus alert yesterday, but will continue to take

precautionary measures. Elsewhere, Gov Koike will declare her willingness to

fight for re-election in the Jul 5 ballot, per Kyodo.

- USD/JPY last trades at Y106.83, now just 3 pips lower & off worst levels. A

fall below yesterday's trough at Y106.58, which would expose May 11 low of

Y106.40. Bulls look for a recovery of May 29 low of Y107.09, followed by the

50-DMA at Y107.61.

- Japan reports final industrial output today. Next week, focus turns to

Tuesday's BoJ MonPol decision, Thursday's trade balance, as well as Friday's CPI

& minutes from the BoJ's Apr MonPol meeting.