Psychology for major markets Jun 18

EUR/USD – EUR/USD holding close to 1.15 with topside looking more restricted due to geopolitical concerns.

USD/JPY – JPY recovering modestly on the crosses as equities top out on geopolitics, but USD/JPY holding steady near 145.

EUR/GBP – Remains above 0.85 following last week’s weak labour market data, but momentum stalling as CPI holds at high levels.

AUD/USD – Holding gradual uptrend but struggling to make progress above 0.65.

Equities – S&P looking stretched near 6000 as some significant negative tariff impact still likely and geopolitical risk increasing.