ForexLive European FX news wrap: USD/JPY trades up to highest since 1990 ...Middle East

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ForexLive European FX news wrap: USD/JPY trades up to highest since 1990
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Headlines:USD/JPY slowly testing the waters above the 160.00 markUSDJPY Technical Analysis – The market is testing the intervention level againIs a rate hike back on the menu for the RBA?Equities see early gains fade as the push and pull continuesECB's Panetta says should avoid even "casual forward guidance" on timing of rate movesECB's Rehn: I always knew inflation path would be a bumpy roadGermany July GfK consumer sentiment -21.8 vs -18.9 expectedFrance June consumer confidence 89 vs 89 expectedUK June CBI retailing reported sales -24 vs 8 priorSwitzerland June UBS investor sentiment 17.5 vs 18.2 priorUS MBA mortgage applications w.e. 21 June +0.8% vs +0.9% priorMarkets:AUD leads, NZD lag

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