Psychology for major markets Jun 16

EUR/USD – EUR/USD holding close to the highs of the year as risk sentiment remains positive  

USD/JPY – JPY losing ground on the crosses against European currencies as risk recovers from initial decline on Israel/Iran conflict

EUR/GBP – Extending gains above 0.85 following weak labour market data although June rate cut still seen as unlikely.

AUD/USD – Holding gradual uptrend and advancing back above 0.65 as risk sentiment recovers

Equities – S&P looking stretched near 6000 as some significant negative tariff impact still likely and geopolitical risk increasing.