NEW YORK (Reuters) - The dollar dropped against the yen on Friday, as the market ignored a mostly positive report on October U.S. retail sales and remained focused on the record U.S. current account deficit.
The government said retail sales in October grew 0.2 percent compared with a upwardly revised 1.6 percent increase in September. Economists had expected an increase of 0.2 percent in October.
Sophia Drossos, currency strategist with Morgan Stanley in New York, said the data, while "an underlying positive for the economy," had little impact on the "dollar, which is just trading on policy issues right now."
"The market really is ignoring the economic news out of the United States and not really paying attention to relative growth and interest rate differentials," she added.http://story.news.yahoo.com/news?tmpl=story&ncid=1196&e=5&u=/nm/bs_nm/markets_forex_dc&sid=95609877 
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