The Japanese yen, after heading higher yesterday on risk aversion, is pulling back against major counterparts as a bit of risk appetite shows in Forex trading.

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Concerns about the Australian employment report prompted the Down Under currency to lose ground to the US dollar and the Japanese yen yesterday. Today, though, the downtrend has stopped, and Aussie is gaining some ground.

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Read the rest of Aussie Downtrend Stops on Better Data (149 words)

The Indonesian rupiah slipped today after the Bank Indonesia decreased its main interest rate, while concerns about the European debt added to the downside pressure.(...)
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The Swiss franc strengthened today on the speculation the Swiss National Bank will refrain from raising the ceiling for the currency in the near future.(...)
Read the rest of SNB Resists Urge to Further Weaken Franc (112 words)

The euro posted the biggest drop since August 2010 yesterday, reaching the lowest level this month against the dollar and the yen and the lowest price since February against the pound today, as Forex market participants are becoming more and more concerned about the European debt crisis.(...)
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The Canadian dollar was weaker today as the unfolding situation with the Italian debt decreased appetite for risk among participants of the Forex market.(...)
Read the rest of CAD Heads Down as Italy Removes Risk Appetite from FX Market (101 words)