Psychology for major markets June 22
Strait off, and then on
EUR/USD – The Euro opened 10 pips lower on risk aversion from Iran closing the Strait on Lebanon issue. As session progress, Iran announced they are reopening the Strait, supported by mediators. It allowed Euro to close the gap once but failed to inspire meaningful rally.
USD/JPY – USD/JPY is ramping up pressure on Japanese officials as rally accelerates. The strong rally continue past the 161 figure and could see intervention if such pace persists for a figure or two.
AUD/USD – The Aussie broke the 0.7030 support and is fast approaching the 0.7 figure. The improvement in risk sentiment does not help the Aussie as USD bids are strong.
Equities & Others – U.S. equites turned higher after Iran agreed to Strait understanding, again. Regional equities are also mostly upbeat with precious metal also higher.