Psychology for major markets Mar 27
No peace over the weekend
EUR/USD – The Euro is trading slightly lower for the day as market participants are playing it safe throughout the weekend.
USD/JPY – USD/JPY is fast approaching 160. The resurging bids of USD are weakening the JPY. However, we are wary of market participants' rotation towards JPY as haven choice and the possibility of an actual intervention from the BoJ, where we expect is possible if we are seeing 2 figure+ rally within a week.
EUR/GBP – Little changed as the market's spotlight isn't here. Overall in consolidation.
AUD/USD – The Aussie is choppy on sour risk atmosphere and bad performance of the precious metals. Any rotation lower will likely meet some support around 0.6820 area if it is not triggered by sudden worsening geopolitical picture.
Equities & Others – Broader risk atmosphere is shaky as the back and forth rhetoric from Trump and Iran is hard for confidence being built in the market.