Psychology for major markets July 3

EUR/USD – EUR/USD looks for a quick test around 1.149 resistance. The bounce is triggered by less hawkish expectation from the Fed on softer than expected NFP. 

USD/JPY –  USD/JPY continues to correct. It does not look like an actual intervention on Thursday but market participants are well aware of the risk and kept JPY offers on their toes. If USD weakness persist, we could see a test of the 160 figure.

AUD/USD – The Aussie is upbeat on positive risk appetite and strong precious metal performance but it is a figure away from closest resistance area.

Equities & Others – Major equities are trading higher on less hawkish expectations from the Fed.