# U.S. GDP Release: Trading USD/JPY (April 26, 2013) Source: https://www.tradersway.com/resources/market-info/u-s-gdp-release-trading-usd-jpy-april-26-2013/ Language: en Updated: 2013-04-26 Description: Explore U.S. GDP Release: Trading USD/JPY (April 26, 2013). The. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. The U.S. will print its Q1 2013 GDP reading in today’s U.S. session and the report is slated to show 3.0% economic growth for the quarter, higher than the previous reading of 0.4%. The U.S. dollar has been reacting to fundamentals lately so a strong reading could trigger a rally for the currency while a weak reading might trigger a selloff. USD/JPY seems to be presenting a potential range play for this event. ![U.S. GDP Release: Trading USD/JPY (April 26, 2013)] The pair is currently moving closer to testing the 98.50 minor psychological level on the 1-hour time frame. This level has acted as resistance in the past then as support later on, which means that there are plenty of traders watching this level. A good U.S. GDP figure could trigger a bounce from 98.50, especially since stochastic is nearing the oversold region, while a weak figure might result in a breakdown back to the recent lows near 97.00. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/u-s-gdp-release-trading-usd-jpy-april-26-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/u-s-gdp-release-trading-usd-jpy-april-26-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/u-s-gdp-release-trading-usd-jpy-april-26-2013/", "headline": "U.S. GDP Release: Trading USD/JPY (April 26, 2013)", "inLanguage": "en", "datePublished": "2013-04-26T08:13:35+00:00", "dateModified": "2013-04-26T08:13:35+00:00", "articleSection": "Market Info", "description": "Explore U.S. GDP Release: Trading USD/JPY (April 26, 2013). 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