Forexlive Americas FX news wrap: USD/JPY drops again ...Middle East

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Forexlive Americas FX news wrap: USD/JPY drops again
Germany April preliminary CPI +2.2% vs +2.3% y/y expectedUS Treasury refunding up $243 billion vs $202 billion priorECB's De Guindos: We are heading in the right direction on inflationDallas Fed manufacturing business index -14.5 vs -14.4 priorThe ECB games its staff survey to avoid further embarrassmentMarkets:Gold down $2 to $2335US 10-year yields down 5 bps to 4.62%WTI crude oil down $1.10 to $82.76S&P 500 up 0.3%NZD leads, JPY lagsIt was all about the yen today after what looks like a round of intervention from the MoF. A Dow Jones report unofficially confirmed it as did a 500 pip drop after breaking the 160.00 barrier. The move was slowly fading as North American traders arrived an

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