Higher Japanese yen levels after a growth data from the Japanese economy

The Japanese yen rose during the trading on Wednesday against the US dollar after the GDP released today from the Japanese economy, where growth came as expectations which increased the demand for the Japanese currency.

The dollar yen pair is currently trading at 106.88 level,, after the session opened today at the level of 107.22, recording the lowest at 106.79 and the highest level at 107.23. comes after falling last Friday to record its lowest level in four weeks at 106.41.

Japanese economy announced today data on the GDP during the first quarter of the year, where the actual reading came to witness a growth rate of 0.5% to as expectations while the previous reading pointed to a growth of 0.4%. While the GDP price index witnessed a growth of 0.9% as both of expectations and previous reading.

The dollar continues to trade near its lowest level in three weeks against major currencies after data less than expected released from the US economy regarding employment sector, reducing the chances of a rise in the dollar markets to help the recovery of Japanese yen levels .

The dollar index, which tracks the dollar's performance against a basket of major currencies, is currently trading at the level of 93.83 after it opened today's session at the level of 93.87, while the lowest been recorded at 93.80 after recording the highest at 93.88 this and the dollar index fell during the week to record the lowest level in three weeks at the level of 93.72.