Psychology for major markets Mar 31
Trump triumph?
EUR/USD – The Euro is trading little changed for the day as market participants are playing it safe without clarity in the geopolitical uncertainty.
USD/JPY – USD/JPY has been unable to stand above 160. While the haven bids of USD are weakening the JPY, the possibility of an actual intervention from the BoJ has kept buyers in check. We expect such is possible if we are seeing 2 figure+ rally within a week.
EUR/GBP – Little changed as the market's spotlight isn't here. Overall in consolidation.
AUD/USD – The Aussie is tilted lower on choppy risk atmosphere. Any rotation lower will likely meet some support around 0.6820 area if it is not triggered by sudden worsening geopolitical picture.
Equities & Others – Broader risk atmosphere is shaky as the back and forth rhetoric from Trump and Iran is hard for confidence being built in the market.