Yen buying picking up a head of steam

Cable has slipped under the day's support at 1.2160 to trade down to 1.2144 and the yen is the main driver.

GBPJPY has had a swift fall from around 142.67 to test 142.01. EURJPY has followed to a lesser degree and USDJPY has just caught the bug too as it slips under 117.00 to 116.87.

EURGBP is helping the quid lower as it rises to 0.8679.

The May news isn't behind this one by the looks of it but there's comments out from her spokeswoman right now.

  • May rules nothing in or out in EU talks

  • Wants the best deal for trading with and operating in the single market

Sounds like a bit of fire fighting to me.