Psychology for major markets Aug 27

EUR/USD – The failed test of 1.17 sees the pair rotate lower. Currently looking at consolidation as major FX market rangebound, waiting for the next leg from Fed speakers.

USD/JPY – Market participants are waiting impatiently for BoJ's confirmation of a September hike. However, if the signal is not what the hawks want, USD/JPY could see a fast break towards 160 figure and above. The pair is still within consolidation range.

AUD/USD – The Aussie is testing the 0.7190 resistance again. The resistance could be broken if we see a strong push from risk asset in later session.

Equities & Others – Regional risk sentiment broadly positive.