Psychology for major markets Jun 06

EUR/USD – EUR/USD well supported above 1.14 with ECB stance seen as less dovish after latest rate cut.

USD/JPY – JPY slipping a little lower helped by weaker wage and spending data and less hawkish Ueda comments as well as still broadly positive risk sentiment, but downside still looks very limited.

EUR/GBP – GBP still firm but failing to hold levels below 0.84, which may prove a longer term base.

AUD/USD – Tested above 0.65 as US yields slipped lower but needs more risk positive sentiment in Asia to sustain gains.

Equities – S&P looking stretched near 6000 as some significant negative tariff impact still likely, but lower yields limiting downside for now.