FXS: Forex: USD/JPY: Dollar pulls down to 91.30 after hitting 8-week high at 91.63
FXstreet.com (Córdoba) – The Dollar retreat against the Yen after the release of the U.S. GDP for the third quarter. USD/JPY peaked so far on Tuesday at 91.63 reaching the highest price October 28th. From there pulled back finding support at 91.30. Currently the pair trades at 91.39/44, 0.25% above today’s opening price.
According to Valeria Bednarik, collaborator at FXstreet.com the Dollar is holding “pretty well above 91.00. If we lose that level, we could see a pullback even to 90.50 area” at the U.S. GDP Live Coverage.
U.S. GDP has advanced at an annual rate of 2.2% during the third quarter of the year, well below the 2.8% increase estimated previously. Market analyst expected a GDP growth of around 2.7%.
