Psychology for major markets Sep 7

EUR/USD – The pair is staying above the 1.16 figure. However, USD remains firm in the driver seat. The next legs are still geopolitics and Fed expectation.

USD/JPY – USD/JPY is seeing another round of fast break. We are now down more than a figure and could only see support around the 152 figure. Key drives continue to be BoJ rate hike expectation brewing in. Headline wise, GPIF could be absorbing more JGBs if they are going to change their internal guidelines soon.

AUD/USD – The Aussie is supported by upbeat tech/A.I. risk asset. The break of 0.7190 technical area could see a search higher.

Equities & Others – While Tech/A.I. sentiment is strong, equities performance are not linear across board.