Psychology for major markets May 27
Headline Quiet
EUR/USD – The Euro is back to where it was on Monday. The pair remain capped by overhead resistance at 1.17 figure.
USD/JPY – The moderation of JGB yields have put a lid on USD/JPY but the extra debt has raised market participants' concern on Japanese fiscal picture and will drag the JPY in a medium run. USD/JPY is challenging 160 figure.
AUD/USD – The Aussie has erased Monday's gain and is looking to try closing the opening gap. Any change in the winds will make AUD/USD first challenge resistance at 0.7190 area.
Equities & Others – Market participants are frontrunning a potential deal again and sees to be careful this time by restraining aggressive positioning on Wednesday. The has been some tiny headlines but nothing concrete is out yet.