USD/JPY recovered its earlier losses.....>

DOLLAR-YEN: USD/JPY recovered its earlier losses into Monday's London morning

and was range-bound through the rest of the day, as both sides of the pair were

pressured by renewed risk appetite.

- The rate has edged higher this morning, as the risk-on feel has carried over

into Tokyo trade. It sits +9 pips at Y107.43. A break above the 50-DMA at

Y106.56, which capped gains on Monday, would turn focus to Jun 10 high of

Y107.87. On the flip side, a fall below Jun 11 low of Y106.58 would bring May

6/7 lows of Y105.99 into view.

- As a reminder, the BoJ will deliver its MonPol decision later today. We have

published our usual preview, which can be accessed via the link below.

- https://emedia.marketnews.com/BOJ_Preview_Jun_2020.pdf

- Looking ahead, Japan reports its trade balance on Weds, CPI hits on Friday.