Psychology for major markets Aug 3

EUR/USD – EUR/USD opened initially higher on hopes of an imminent deal. Yet, it seems to be just another episode of Trump's fiasco. USD rebounded throughout the session and see the pair back to where Friday ended.

USD/JPY – The confirmed joint intervention has strengthened JPY rally. The magnitude of any USD/JPY rally will be capped but multiple rounds will be needed to keep the pair down.

AUD/USD – The Aussie is retesting the 0.7030 technical area on strong USD.

Equities & Others – Broader risk sentiment are supported by upbeat Trump and suspiciously optimistic market participants. There may perhaps be some more headlines coming up but nothing concrete will be achieved.