Psychology for major markets 28 Dec

EUR/USD - Market consolidating EUR gains above 1.10, but soft European data suggests downside risks.

USD/JPY – Rising US yields at the start of the year helping to protect 140, but JPY could see gains on the back of cross trading.

GBP/USD – A soft start to the year with potential for the BoE to turn more dovish as data softens given market pricing for BoE remains relatively hawkish

USD/CHF - Break of chart points see extra momentum, but traders looking at key 0.8320 USD support.