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JPY Mid-day Analysis

Political scandal concerns in Japan have contributed to

After an outsized rally in the Dollar yesterday the Dollar bulls

Slack Canadian inflation readings, weakness in metals

With the Pound seemingly benefiting from definitive global

EUR/USD has broken to the downside out of the range defined by

Today’s highlights: EURUSD has staged a bearish breakout,

The dollar was slighltly weaker after strong overnight gains.

This morning, Germany, Spain and Italy release their first estimates for February inflation.

Recent bounces from $1190.6 resulted in a pop above the 100-DMA ($1215.9)

The EUR/USD fell yesterday, and is close to testing year-to-date lows (1.1098).

Recent flirtations with the 21-DMA ($50.89) and failures ahead of

Given that narrowing Bollinger bands are often a precursor to