The greenback advanced against the yen after growth data released in the US showing that the economy's growth retreated less than expected.

However, the dollar is showing slight incline against other major currencies; the dollar index, which tracks the dollar movements versus a basket of major currencies, inched up to 82.93 from the day's opening at 82.88.

Global recovery concerns are still the major sentiment ahead of Fed's Chairman Speech as of 14:00 GMT where he may announce a second round of stimulus to boost growth.

With regard to the dollar-yen pair, it rose on the daily basis breaching resistance at 84.78 which took the pair to a high of 85.10. The better-than-estimated news gave support to the dollar in addition to possible intervention by Japanese policy makers to stop the yen' appreciation after the yen had touched 15-year high against the dollar earlier this week.

So far, the pair is trading at 84.98 after recording a low of 84.98, while support is seen at 84.40 while resistance is at 85.25.

Concerning the euro-dollar pair, it is trading near the opening price at 1.2714 in the absence of economic data from the euro zone which will release new growth forecasts next week.

The euro-dollar pair so far has touched a low of 1.2690 and a high of 1.2741, while for the rest of the day the pair is expected to move between support and resistance at 1.2685 and 1.2770 respectively.

Turning to the sterling-dollar pair, it pared its earlier advance when it hit a high of 1.5536, after the data released today showing the UK economy expanded in the second quarter by 1.2%, beating estimates of 1.1%, as it slipped from there after the release of the US GDP news.

The royal pair is currently trading at 1.5496 after touching a low of 1.5464, whereas it is expected to move between support at 1.5425 and resistance at 1.5500 for the rest of the day.