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XE Market Analysis: Asia - Jun 05, 2020

1 month ago   |   By XE

The DXY recovered some ground following the shock non-farm payroll increase, though not before printing new near three-month lows of 96.44. The index subsequently bounced to 97.01 highs at mid-morning in N.Y. The incredible 2.51 mln increase in jobs set risk-on into motion, resulting in steep gains on Wall Street, , and sharply higher Treasury yields. EUR-USD eased from opening highs of 1.1343, later falling to 1.1280 lows. USD-JPY bottomed at 09.25 ahead of the jobs report, before rallying to 109.86 highs.
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