Psychology for major markets Dec 30

EUR/USD – EUR/USD is little changed and remain in consolidation as market action wanes by year end.

USD/JPY – The pair stays choppy but is tilted lower. The latest impetus is from the BoJ summary of opinion, showing BoJ's stance on higher rate. However, such stance does not avoid their potential conflict with the Japanese government, which definitely does not favor higher rate. Thus, the support in JPY is limited.

EUR/GBP – Unchanged after Christmas. The lack of impetus sees the pair lack of direction.

AUD/USD – AUD/USD continue to benefit from the somewhat upbeat risk sentiment. The Monday losses was mostly from precious metal volatility and should not have a lingering impact for the Aussie.

Equities – Major equity indexes keeps their cool as market participants are holding onto the New Year mood.