Psychology for major markets September 9th

EUR/USD – Bias is for USD losses, unless U.S. data dismiss harder landing fears.  

USD/JPY – JPY bulls want to break 142 but JPY overbought and corrective JPY losses above 143 seen as risk stabilises.

EUR/GBP – ECB meeting forward guidance and UK labor market data this week key focal point for direction. 

AUD/USD – Weak commodity prices and soft Chinese data sapping sentiment but underlying fundamentals suggest scope for gains if equities stabilise.

Equities – Better tone at the start of the week and scope for Fed easing suggests downside risks are not substantial without much weaker data