GBPUSD having an early wobble as European desks get fully underway 22 May

Lows of 1.2966 in a rush as GBPJPY tumbles to 144.18 from 145.00 sending USDJPY down to 111.

Demand expected around 1.2950, 144.00 and 111.00

Large GBPUSD option expiries at 1.2975 very much in play.