Psychology for major markets Aug 10

EUR/USD – EUR/USD is trading unchanged after opening higher. The pair has gone up and down to close the gap.

USD/JPY – The joint intervention threat is capping USD/JPY rally. USD is taking the upper hand on Monday from continual geopolitical uncertainty.

AUD/USD – The Aussie is little changed after opening a few pips lower. The pair may retest the 0.7030 technical area but seems like more prone to go higher.

Equities & Others – Broader risk sentiment is not exactly upbeat. Market participants are still chewing on the hopium of no escalation.