Psychology for major markets Feb 10
Undecided
EUR/USD – The Euro has stalled the Monday's rally around the figure. It looks like to be psychological and previous high technical point for the pair to consolidate before the next leg.
USD/JPY – USD/JPY continue to correct. Partially selling the fact but more can be shown in the moderating yields. Takaichi seems to have reinstated some confidence in the market after suggesting no new debt for food tax cut. Double teamed by intervention threat, the USD/JPY may further correct.
EUR/GBP – Euro stays ahead of the curve then Sterling in bids.
AUD/USD – Retracing Monday's gain as risk sours and gold cools. AUD/USD still look supported by hawkish RBA and should see a bounce if retesting support half a figure below current level.
Equities – Risk asset is undecided with their toes in the red. Japanese equities are leading with more than 2% of gains but other major equity indexes are not.