Stocks have turned lower, down about 0.5% and risk aversion looks to be picking up.
EUR/JPY has reversed sharply after breaking above 133.50 early in the session (after the strong US retail sales) only to slip in the last thirty minutes or so to the 132.90 area.GBP/JPY sales seem to be leading the way there, with the BOE looking to lower deposit rates on reserves to spur fresh lending is undermining the market.