AUD,NZD/GBP crosses/Open/Wrap/USD/JPY

Tokyo open; quick overview

  • Australian shares are 1% lower in early trade, taking a lead from US markets:
  • Quite a bit of trading focus on the GBP, which is starting to exhibit signs of extreme weakness:
  • Plentiful sellers reported in USD/JPY; above 79.50 and on a stop-loss basis below 79.00:
  • EU leaders have been at pains over weekend to downplay any differences with Germany over bank recapitalisation timing.

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