Psychology for major markets Jun 24

EUR/USD – EUR/USD topside looking more restricted as market waits for Powell after USD decline on ceasefire news.

USD/JPY – JPY bounce on ceasefire and fall in oil prices.  Market wants to test 145.00 and then key 143.60, but needs more USD negative news. 

EUR/GBP – Stabilising in the mid-0.85s after more dovish MPC vote and waiting for MPC testimony.

AUD/USD – USD selloff but pause around 0.6500 short-term.

Equities – S&P looking stretched near 6000 as some significant negative tariff impact still likely.