ForexLive European FX news wrap: Japan steps in to support the yen currency ...Middle East

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ForexLive European FX news wrap: Japan steps in to support the yen currency
Headlines:Japan looks to finally draw a line on the yen freefallJapan financial authorities reportedly intervened in the FX marketJapan top currency diplomat says will take appropriate action against excessive FX movesJapan top currency diplomat says will not comment on interventionECB's Wunsch: July rate cut is not a done dealBavaria April CPI +2.5% vs + 2.3% y/y priorSpain April preliminary CPI +3.3% vs +3.3% y/y expectedEurozone April final consumer confidence -14.7 vs -14.7 prelimMarkets:JPY leads, USD lags on the dayEuropean equities mixed; S&P 500 futures up 0.2%US 10-year yields down 4.5 bps to 4.624%Gold up 0.2% to $2,341.61WTI crude up 0.2% to $83.85Bitcoin down 2.5% to $62,308It is

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