09.06.2020 Usd/Jpy Daily Analysis

09.06.2020 Usd/Jpy Daily Analysis

Usd/Jpy is trading at 107.96, it is trading lower with 0.43%  mainly because Japanese names have been very active since Monday in dollar/yen, trying to trade off the chance of some kind of yield-curve control from the Fed. A according to Yukio Ishizuki, foreign exchange strategist at Daiwa Securities  'personally don’t think yield curve control is necessary now, but the dollar is under clear selling pressure.' However right now due to Last week, U.S. jobs data for May caught markets completely off-guard with an unexpected increase in employment, so now Focus is firmly on the Federal Reserve. It is not expected to change interest rate settings and investors are now weighing up the likelihood of stepped-up bond buying in the wake of the employment report.