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.