Psychology for major markets June 3

EUR/USD – The Euro took a beating on rising Middle East tension. The strong haven bids continue to pin the Euro. Multiple attempt to break the 1.17 figure also failed, suggesting the easiest path maybe south in a short run.

USD/JPY –  USD/JPY is gathering steam for a charge towards 160. The tease of the level has caught the attention of Japanese officials, who so far on intervene verbally. 

AUD/USD – The Aussie failed on the first test of the support/resistance area around 0.7190. However, sustainable rally depends on equity and metal performance.

Equities & Others – Market participants' mood have turned sour but yet to see any cracks in their optimism.