The news that the UAE and Abu Dhabi will move to help avert the looming debt default by Dubai World businesses is calming the markets and encouraging shorts taken on Friday to cover. USD/JPY is back around 87.00 and I see a possibility of moves towards 88.00 but I will be looking to sell there. AUD/USD is also looking bid but again I’m a seller on the day on any silly rallies. EUR/USD I have no great feel for at the moment and I think trading the extreme edges of a 1.47/1.53 range makes most sense.