Psychology for major markets June 30
USD/JPY Weakest in Decades
EUR/USD – EUR/USD's rebound seems to have ended. Any sustained rally is proven to be a choppy road. The broader risk sentiment is not poor but Euro's in the driver seat for the day as ECB does not sound hawkish.
USD/JPY – It bust through the 162 level and higher. USD bids are also strong on Tuesday, exacerbating the move. We have heard Japanese FM jawboning and put a temporary lid on the pair yet it is unlikely to last.
AUD/USD – The Aussie looks set to test support at 0.6830 area. The lack of strong risk appetite and precious metal is capping the recovery for AUD/USD.
Equities & Others – Major equities are trading individually with U.S. equities leading the pack but erasing partial earlier gains. The broader market is likely undecided for now.