Published: 2026-06-12T09:33:15.000Z
Psychology for major markets June 12
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Iran media says that memorandum of understanding draft still not yet finalized
EUR/USD – The Euro showed some follow through buying after the rebound from support around 1.1490 area. If Iran and U.S. could come together with an agreement, the rally could have further legs.
USD/JPY – USD/JPY has returned to test the 160 figure on upbeat broader risk sentiment. JGB yields are lower and should cushion any JPY weakness.
AUD/USD – The Aussie is little changed for the day stayed and consolidating around 0.7030 support area.
Equities & Others – Major equites are upbeat on a potential deal again. But market participant will likely refrain from entering aggressively to avoid the weekend risk unless we get something concrete before the end of day.