It looks like the cocktail of news and market flows have exaggerated the moves.

USD/JPY is recovering to 99.10 While the euro does the same from 1.3073.

Sterling is still under pressure as cable dips further through 1.5450 to 1.5446. EUR/GBP is up on the back of it as it breaks to a high of 0.8467

The UK clearer selling sterling probably couldn’t have picked a worse time to put it’s orders through.

Brent crude leaked down to $104.80 from $106, on the middle east news but has also since rebounded.