Asia Session
Dollar and Yen gains from late last week that were due to the possibility of Dubai defaulting on up to 80 billion in loans were chopped down today as traders felt more confident that the issue was under control. The first minutes of the week were an indication of the volatility and indecision to come as some yen based pairs spanned up to 90 pips within the first moments of trading. Comments out of the United Arab Emirates Central Bank helped to sooth fears as they stated that they stood behind