In some ways yes (inward focus, suspension of analytical thought, nonjudgement of the feelings or memories that arise), but in other ways no. Hypnosis doesn't usually incorporate the bilateral stimulation that's central to the theory behind EMDR, despite the stereotypical image of a swinging pocketwatch, and is performed almost entirely through verbal suggestion these days.

If we recognize hypnosis as a highly suggestible state, it follows that hypnosis is not very good for recalling memories, and better for adopting new perspectives. This is supported both by research and my own professional experience.