We will need to wait on the open of the Asian stock markets to see how the JPM news is being taken. The amounts are relatively small in the overall scheme of things but it’s the fact that it occurred at all which may spook the markets.
In the case of a full on risk aversion move, the AUD, CAD, NZD will usually fall, the USD, JPY and CHF will usually gain, and the EUR and GBP will tend to stay steady (but choppy).
