Psychology for major markets May 27th

EUR/USD – Choppy with more ECB rate talk nit hurting the EUR.

USD/JPY – Downside risks persist on declining yield spread and threat of BoJ intervention near 157.

EUR/GBP - EUR/GBP dropped below 0.85 on increased ECB talk after Lane dovish comments on Monday. 

AUD/USD – Pushed higher on better commodity/China sentiment. More US yield declines may be required for a break higher.

Equities – S&P500 closed for holiday, but Asia/Europe extend rally on rate cut and global growth hopes.