USD/JPY trades flat, even as a wider.....>

DOLLAR-YEN: USD/JPY trades flat, even as a wider risk-off feel is evident & U.S.

equity index futures have declined. Focus remains on worrying developments in

U.S. & Chinese coronavirus case counts. In Japan, NHK reported that Tokyo Gov

Koike & Econ Min Nishimura will "cooperate on measures to curb the rising trend

of coronavirus infections in the capital's nightlife districts".

- USD/JPY last seen at Y107.39, virtually unchanged on the day. A break above

the 50-DMA at Y107.59 would open up Jun 10 peak at Y107.87, followed by the high

of Jun 9 at Y108.54. Conversely, bears would be pleased by a fall below Jun 11

trough at Y106.58, which would expose May 6/7 lows of Y105.99.

- The BoJ will deliver its monetary policy decision tomorrow. Later in the week,

Japan reports its trade balance on Wednesday, while CPI comes out on Friday.