US: GDP (Q2) expanded 4.2% YoY

FXStreet (Edinburgh) - The Commerce Department has informed that the US economy expanded at an annual pace of 4.2% during the second quarter, exceeding forecasts for an expansion of 3.9% and reverting the previous 2.1% contraction.

Aug 28, 2014

United States Personal Consumption Expenditures Prices (QoQ) meets expectations (2.3%) in 2Q

USD/JPY jumps above 103.80 after stronger US data

The USD/JPY is currently trading higher following the US GDP data that was revised up to 4.2% in Q2 from 4.0% previously informed. However the movement was limited as pair is acting accordingly with current quietness in currency market.