The JPY and to a slightly lesser extent the USD have seen accelerated weakness with the EUR/JPY cross advancing to 118.70 at writing. The move comes with global stockmarkets steadying after yesterdays sharp sell-off, which has prompted a slight unwinding of risk aversion trades. Cable put on a quick 1 1/2 cents, presently up around 1.5000. Sources report good buying interest in cable out of the Middle East and from UK clearers.