FXstreet.com (Córdoba) - Greenback is consolidating gains against the Yen as it holds above 91.10. USD/JPY rallied after the release of U.S. GDP to 91.45, posting the highest price of the day. In the last hour the pair regained the upside and is approaching to the highs, currently trades at 91.39/42, 0.80% above today's opening price.
Tomas Cedavicius, analyst at investija.com, affirms: Despite very sharp downside movement back to 90.24, this pair's potential is still strong to reach 98.00 price level in near future. For now waiting actions remain.
The Yen is falling sharply against European currencies. EUR/JPY trades at 134.50 after rebounding at 132.70 early in the morning. GBP/JPY is erasing the losses of the week and trades back above 150.00 at 151.20.