Psychology for major markets March 27th

EUR/USD – Hovering close to 1.08 with a mildly negative tone after recent rises in US yields.

USD/JPY – Back above 150 with resilient global equity tone limiting JPY upside

EUR/GBP – Pushed higher after weaker than expected February CPI, but EUR more vulnerable to US auto tariffs.

AUD/USD – Tested the year’s high near 0.64 as Asian equities rose but has fallen back as risk sentiment has declined. Still scope for a break higher if US yields don’t rise and equities stabilise.

Equities – US market hoping for less aggressive Trump actions on Wednesday, but still limited by high valuations. European markets benefiting from expectations of increased defence spending and hopes of an end to the Ukraine war, but worries around tariffs and geopolitics remain.