Published: 2026-06-16T09:02:33.000Z
Psychology for major markets June 16
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BoJ Hike, RBA Hold
EUR/USD – The Euro rally gained further traction as the broader upbeat risk sentiment weakens the USD. The next resistance is at 1.17 figure area.
USD/JPY – USD/JPY has erased post BoJ losses as market participants do not seem to believe they will be seeing another rate hike this year.
AUD/USD – The Aussie tread lower with the RBA holding rates unchanged. The forward guidance, while citing data depenece, also suggest they are in no hurry of another hike. With strong risk appetite an precious metal performance, most Aussie's losses have been recouped.
Equities & Others – Major equites are upbeat on a deal being made. U.S. equities, especially tech, are in the green while regional equities perform individually.