The US dollar has fallen a bit during the course of the week, as the market continues to look for a little bit of support underneath. Ultimately, this is a market that will be very noisy but needs to calm down after the parabolic move.
The British pound pulled back initially during the week but then turned around to show signs of life again. We are hanging about the ¥160 level and looking for some type of direction.
The US dollar has done very little against the Japanese yen on Friday, as we are trying to figure out what to do with the 50 Day EMA.