Psychology for major markets Aug 4

EUR/USD – EUR/USD is little changed as it sit just above the technical zone around 1.1495 area. There has been a lack of impetus as U.S.-Iran situation remain confusing. 

USD/JPY – The confirmed joint intervention will be capping future JPY rally. However, without fundamental changes, only multiple rounds of intervention will be keeping the pair down.

AUD/USD – The Aussie is retesting the 0.7030 technical area after a break on Monday. Hard to see a sustained rally but cautious optimism could put the Aussie above the technical zone.

Equities & Others – Broader risk sentiment are upbeat. Yet, hopium only last as long as there is no negative headlines coming out.