Psychology for major markets Feb 5

EUR/USD – The Euro is once again facing an uphill battle against the USD. The fast break from Feb 2 low could see the pair searching for lower grounds.

USD/JPY – JPY bidders and sellers remain careful to not get wrong footed in the coming election but offers seem to have become a reflex. New polls showing LDP regaining Lower House majority seems to be not enough to calm amrket participants concern on Japan's fiscal policy.

EUR/GBP – Recovering strong of Sterling weakness but all is not meaningful until both the ECB and BoE announce their meeting result.

AUD/USD – Following the weakness in metal, the Aussie is dragged lower. Given the strong correlation lately, the pair could search for support around 0.6820 if metal's correction continues.

Equities – Risk asset does not seem upbeat with any rally meeting sellers. AI and revenue concern seems to have taken the spotlight and driving equity lower.