The USD/JPY is consolidating well above Friday lows after tipping over in reaction to the news from Dubai combined with last week’s solid Japanese econ data. Meanwhile, the USD/JPY is fighting to get back above December 2008 lows as U.S. equities and crude turn positive. Japan’s Industrial Production number came…

As with the EUR/USD, the GBP/USD recovered well from Friday lows considering the uncertainty surrounding Dubai’s debt situation. Although analysts are still trying to clarify the details of what has occurred, the Cable managed to piece together a solid rally back above our 1st tier uptrend line. However, the GBP/USD…

The EUR/USD has recovered well from Friday lows, propelling from our 2nd tier downtrend line before fading beneath Wednesday highs. The EUR/USD is now hovering back around its highly psychological 1.50 level as investors continue to dissect news concerning Dubai. Regardless, the currency pair is back in its safe zone…