The US dollar has been very negative in the early hours of Thursday, but then bounced as we tested the 200-Day EMA, and the 152 yen level. This is a market that also got the shock of the Advanced GDP numbers in America coming out hotter than anticipated.

The USD/JPY trimmed some of its earlier losses and finished Thursday’s session virtually unchanged, trading at 153.93 after hitting a daily low of 151.94. The release of better-than-expected US GDP figures for the second quarter of 2024 sponsored the Greenback’s recovery versus the Japanese Yen.

The USD/JPY outlook is slightly bullish, with the yen retreating from a 2-month high. This shift comes amid upbeat US GDP.

For a look at all of today’s economic events, check out our economic calendar. This article was originally posted on FX Empire USD/JPY Forecast – US Dollar Continues to Look For Floor Against The Yen Neurocrine’s Growing Sales, Profits Attracting Big ...

USD/JPY is trading at 154.34 in the European session, up 0.30% on the day. On Thursday, the yen climbed as much as 1.3% but gave up all of those gains after the strong US GDP report. Still, the yen is up 1.