EUR/USD:1.3165/68: Today we may use the spike to sell only 50% of equity here under 1.3180 and if done keep a 35 pip stop for a dip towards 1.3120. However, buy the EUR in case it stays above 1.3185 for more than an hour!

GBP/USD:1.9630/33: Today we may sell 40% of equity close to the 1.9630-50 range and if done, keep a 50 pip stop for 100 pip dip.

USD/CHF:1.2323/28: We could try longs for 40% of equity here with a 50 pip stop for a 100 pip upmove.

USD/JPY: 120.08/10: The Dollar could be bought here for 100% of equity, with a 50 pip stop for a 100 pip upmove.

EUR/JPY:159.37/41: One can try shorts for 50% of equity here close to 159.40, with a 40 pip stop, for a 100 pip dip.

The dollar weakened against the euro and yen on Friday, with German economic data boosting the case for higher European interest rates and investors cutting bets on further weakness in the Japanese currency. The German Ifo business sentiment survey for February showed a larger decline than expected but did little to alter the outlook for euro zone interest rates to rise in March. The drop in business confidence from 107.9 to 107 was relatively mild and any bearishness was offset by optimism of the stronger French consumer spending numbers. The prospect of an interest rate hike in March and the potential impact of the Value Added Tax increase have given businesses reason to be slightly less optimistic about current and future conditions.
The dollar was down 0.4 percent at 121.02 yen, snapping the pair’s first five-day advance since April. Despite Friday’s gains in the yen, this week the Japanese currency dropped about 1.4 percent against the dollar. And versus the euro, the yen rounded up its worst weekly decline since September 2005. The yen has been under broad pressure for weeks as investors embrace carry trades in which they borrow the yen at low interest rates and then sell it to buy higher-yielding currencies. However, expectations the Bank of Japan will raise rates has left investors wary of selling yen too aggressively.
Elsewhere in the markets, sterling rose to one-week highs against the euro and dollar on Friday thanks to underlying strength in the fourth quarter GDP report. Even though the headline GDP number was not revised, private consumption and exports were. In fact, consumer spending was so healthy that it triggered cautious comments from Bank of England member Sentence who said that it was important for the central bank to keep demand under control, especially since inflation is coming back on-track. With oil prices creeping back up, another rate hike soon is not out of the question. Sterling was up 0.4 percent at $1.9636, having earlier climbed as high as $1.9652.
The Canadian dollar jumped to a two-month high against the U.S. greenback on Friday, getting a boost from higher oil prices. The U.S. dollar changed hands at C$1.1590, down 0.2 percent.