Psychology for major markets Apr 23

EUR/USD – The Euro fell on broad USD strength and has reached support area at 1.1690/1700. There maybe some technical buying but hard to argue against haven USD bids. The next support zone is likely a figure away.

USD/JPY –  USD/JPY is quickly challenging the 160 figure. We suspect more verbal intervention to come and may see actual intervention if the rally past 160 to another figure or two.

AUD/USD – The Aussie is meeting overhead resistance level around 0.7190 area. Without support from upbeat risk sentiment and precious metal, it will be hard to see recovery.

Equities & Others –  Broader risk atmosphere is heavy on the lack of progress. Any headline will likely shift the broad risk sentiment with little forecast to be done.