Psychology for major markets March 31st

EUR/USD – Holding close to 1.08 but with a slightly soft tone as equities weaken ahead of tariff announcements.

USD/JPY – Retreating back below 150 as equities weaken and bond yields decline in anticipation of tariff announcements.

EUR/GBP – More risk negative tone triggering reversal of declines seen after UK spring budget statement.

AUD/USD – 0.62-0.64 range being traded for now with weaker equity tone leading to a test of the bottom end of the range.

Equities – Markets struggling as tariff concerns rise.