AUS/JPY - Aussie Climbs vs Yen on Risk Appetite, at New 9 Month High:  The Aussie traded very flat against the greenback, but reached a new 9 month high against the Yen. The pair is up 230 pips since hitting a low on Wednesday. Stronger exports are expected to keep up, helping that sector of the economy. Though stocks in Asian markets were mixed, risk appetite was in effect overnight helping carry trade.

GBP/USD - Pound In Slightly Downward Channel Following Jump To Start Week:The Pound was pressured following the news, hitting a session low near 1.9910. It did manage to recover, and was heading back towards the 2 to 1 level as of 12 PM. The last three sessions have seen ranging trading, after a big jump to start the week, and therefore the Pound is set to finish higher overall. 

USD/JPY - Dollar Recoups Losses From Early in the Week: The Dollar-Yen pair held on to yesterday's gains in today's session. European stocks were higher, helping to boost risk appetite overnight. In the NY session Citigroup posted a smaller-than-expected loss while Merrill Lynch disappointed investors. The Dollar has rebounded nicely from its fall to begin the week.

USD/CAD - Greenback Gains Following Double Bottom:  The US Dollar-Canadian Dollar pair traded above parity today, following yesterday's late climb. Prior to the NY open the Loonie made some marginal gains, but gave them back in NY trading. The pair is likely to end the week trading near 1.0050 after falling below the 1 to 1 level mid-week. Support, in the way of a double bottom, was apparent at the 0.9980 level.