The movements may be fairly small so far but the nervousness-level is on the rise. EUR/USD gapped down to 1.4290 when cable got hit but then bounces straight back to 1.4325 and USD/JPY touched 77.50 where strong bids are still noted (albeit with large stops reported immediately below).
These smell like the types of markets where everyone gets stopped out, first one side and then the other.
