London, June 25 (BridgeNews) - The following is a summary of overnight moves since Europe's close, plus possible leaders for the session ahead:

* Euro bid higher by speculative players.

Speculator bidding in EUR/USD sent USD/Europe lower in Asian trading Monday, while the JPY gained ground following the LDP's victory in the Tokyo local elections, despite a lower Nikkei.
--EUR/USD tripped stops above the 0.8580 New York high on bidding from speculative players, hitting a 6-day high of 0.8604 and sending USD/CHF to an 8-day low of 1.7655 in the process. Monday sees the release of further states' June CPI data from Germany (see page .1650) with a possible preliminary estimate of pan-German June CPI. Euro zone M3 data for May could be released at 0800 GMT, while revised German April industrial output may be released during the day. German PPI rose 0.2% m/m and 4.6% y/y in May.
ECB board member Padoa-Schioppa speaks at both 0900 GMT and 1300 GMT, while the BBK holds a press conference on euro notes and coins introduction at 1200 GMT. German Finance Minister Eichel speaks at 1300 GMT. U.S. existing home sales data for May are released at 1400 GMT.
U.S. Treasury Secretary O'Neill, speaking on U.S. TV on Sunday, said it traditionally takes some time for Fed rate cuts to jump-start the economy.
--EUR/JPY was lifted to a 1-month high of 106.85 as EUR/USD was bid higher, though it ran into selling, with further offers seen around the high. USD/JPY dipped off opening levels around 124.50 to an intraday low of 124.11 on long liquidation. However, speculative players were seen bidding around the lows.
The LDP won 53 seats in the 127 seat Tokyo assembly, beating its own expectations and improving its chances in July's upper house election. Japan's corporate services price index averaged 95.9 in May, down 0.5% m/m and 1.0% y/y.