Psychology for major markets July 10
Optimistic Persists Till the End of Week So Far
EUR/USD – EUR/USD rebound on Friday is rather short-lived. Understandably no one want to get caught wrong footed over weekend development.
USD/JPY – The correction is further accelerated by Japan FM's suggestion of GPIF to take more capacity of domestic asset. It increases the local JGB absorption after BoJ tapers bond purchase. More momentum could see a retest of 160 figure.
AUD/USD – The Aussie remains capped by soft risk sentiment driven by geopolitical tension. The uncertainty will keep heavy positioning at bay and cut the legs of Aussie.
Equities & Others – Broader risk sentiment was somewhat upbeat for the first half of the day but see market participants leaving the table as session progress to wait and see.