Psychology for major markets Apr 13

EUR/USD – The Euro has closed the opening gap. The strong bid in USD seems to have partially reversed as market participants digest the "No Deal" scenario and U.S. blockade.

USD/JPY –  USD/JPY is the only pair so far that did not try to close the opening gap within majors. While JGB yields have mostly calmed, there seems to be lack of interest to purchase JPY without strong risk reversal or narrowing of yield differential.

AUD/USD – The Aussie is close to filling the gap. The support for sustainable rally will depend on risk asset and precious metal performance. 

Equities & Others –  Broader risk atmosphere is sour on Trump's announcement of Iranian port blockade. Market participants are wary of placing aggressive position before more clarity.