Prime focus today will fall on Bernanke’s Senate testimony later today, though Bernanke pre-empted his appearance with a column in the WSJ reiterating that policy will remain accommodative but offering four different exit strategy scenarios for when the time came. Indications the FOMC will credibly fight the potential inflation threat could be supportive for the USD, although, clearly eager for markets not to get ahead of the curve, he emphasized that now is not the time to tighten policy. Overall, the backdrop of recent stocks gains, encouraging corporate earnings and economic data, continue to underpin risk appetite. Traders will also closely monitor the stock market today after yesterday’s run up, with many more key earnings reports on the way. Today’s lineup includes Caterpillar, Coca-Cola, DuPont, Merck, Shering-Plough, UAL, BlackRock and after the close Apple, and Yahoo!. Due out over the rest of the week are Wells Fargo, Boeing, and Pfizer (Wednesday); Microsoft, Amazon, 3M, AT&T, American Express, and Baidu.com (Thursday); and Fortune Brands, Black & Decker, and Schlumberger (Friday). CAD traders will have the BoC policy announcement, though no surprises are expected with rates seen steady at 0.25%.