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JPY's climbing further in early Europe,.......>

FOREX
FOREX: JPY's climbing further in early Europe, closely followed by the USD,
which sees the major pairs sitting just above session lows printed at circa
0720BST. German political disarray to blame for hindering the EUR this morning
and markets eschew the GBP ahead of the so-called 'body-bag summit' of UK
ministers that could result in a confidence vote against the prime minister.
Political risk also seeping through to Scandinavia, with EUR/SEK touching
six-week highs as September's Swedish election looks too close to call, with
some opposition parties promising for a referendum on EU membership. UK
Manufacturing PMI the initial highlight today ahead of US June ISM numbers at
1500BST.

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