Psychology for major markets Jun 03

EUR/USD – EUR/USD holding close to 1.14 as weaker Eurozone CPI helps correct firmer tone on US tariff concerns.

USD/JPY – JPY benefiting from general USD weakness, but break below 140 likely to require significant turn lower in risk sentiment.

EUR/GBP – GBP still firm but failing to hold levels below 0.84, which may prove a longer term base.

AUD/USD – Looks well supported below 0.64 and still has some upside potential if Asian equity markets maintain recent improvement in general USD negative environment

Equities – S&P looking stretched near 6000 as some significant negative tariff impact still likely despite recent trade deals and court decision