GBP/JPY approaches some key technical levels in the downside run this week
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The pair is down for its fourth consecutive day as the yen remains the best performing major currency in trading this week. The pair managed to break above its 200-day MA (blue line) towards the end of

Regulators urge a partial reopening of external borders starting 1 July
– Urges a single list of eligible visitors from non-EU countries
– Says the list should be drawn up over the next two weeks
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The changes will go into effect starting from tomorrow (12 June)
– Daily OMOs to take place between 0900 to 0920 local time now
– Will issue announcement at 0900 local time if no OMOs conducted
Just one to take note for the daily yuan fixing and OMOs by the PBOC. For some context, the timing window for

The dollar keeps weaker ahead of the Fed
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The franc is a notable gainer, and is posting decent gains of around 1.7% against the greenback so far this week after SNB sight deposits for the first time since January – in a sign that the SNB is relaxing

Comments by UK prime minister, Boris Johnson
– Wants to reopen hospitality as quickly as possible, but no earlier than 4 July
– Aiming to reopen pubs and cafes on 4 July
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Forex news from the European trading session – 10 June 2020
Headlines:
Markets:
– AUD leads, USD lags on the day
– European equities a little lower; E-minis flat

Latest data from the Mortgage Bankers Association for the week ending 5 June 2020
–  -3.9%
– Market index 784.5 vs 717.7 prior
– Refinancing index 3,529.0 vs 3,166.7 prior

Comments by ECB executive board member, Isabel Schnabel
Nothing that stands out all too much but this just further reaffirms that the ECB will adjust its PEPP stimulus accordingly as it sees fit to manage the economic recovery. While most members are insisting this will be temporary, the fact that the recovery could take a while

Profit taking, FOMC event and poor German trade data hit risk
Markets
The session started very similarly to yesterday as it was another quiet data front. However, the risk tone tilted off at the start of the session and slid quite quickly after .This was the worst decline since 1990 and shows how hard it will be

via Reuters
I came across this article on Reuters and it captures something that many of us instinctively feel – consumers are changing. The question is, will it be a permanent change?