Psychology for major markets Dec 22

EUR/USD – EUR/USD is performing strongly to start the Christmas week, mostly triggered from broad base USD weakness and the technical bounce from 1.17 figure.

USD/JPY – After a blockbuster Friday, USD/JPY has stalled its rally on verbal intervention from the Japanese currency diplomat, Atsushi Mimura. The wordings are not anything new but market participants are careful about intervention risk after the BoJ meeting and illiquid times during Christmas week.

EUR/GBP – EUR/GBP treads lower with GBP gaining more than the Euro against the USD softness. There hasn't been much headline from the EZ or UK front.

AUD/USD – AUD/USD gained strongly on positive risk atmosphere but remain capped by 0.6670 resistance. 

Equities – Major equity indexes are in the green, seems ready for the Santa Claus rally.  Nasdaq is leading its peers S&P and Dow Jones but not regional equities like Nikkei that gained more than 1.5%.