AUD/USD continues on a tear, reaching 0.9445 so far. We are picking up talk that the exotic we mentioned earlier today is at 0.9475 and is a one-touch, meaning the market must trade at 0.9475 for the owner of the option to collect $25 mln. Lots of incentive to ramp this thing higher and lots of incentive from the bank that is short the option to defend that level.