Psychology for major markets Jun 13

EUR/USD – outperformed in its bounce on the weak US CPI and maintains a positive tone despite correcting the break above 1.16. 

USD/JPY – JPY got support from the weak US CPI and pressure on equities but this was undermined by rising UST yields as oil prices rallied. 

EUR/GBP – GBP hit by weak labour market and GDP data, suggesting failure to hold levels below 0.84 is proving a longer term base.

AUD/USD – Threatening to move back below 0.65 on a dovish RBA view. Will need more risk positive sentiment in Asia to find support.

Equities – S&P was already looking stretched near 6000 even before the escalation of Middle East risks.