As the United States economic recovery starts to slow down and the euro region begins to stabilize, forex trading investors are shifting their attention to other currencies for risk aversion. The Japanese yen has benefited greatly from this turn of events as the USD/JPY currency pair hit its highest trading level for the year. The pair traded at a high of 86.82 and a low of 85.94, some great numbers for the yen that may be a sign of strong bullish trends to come, especially if the US growth continues to slip further.

The sudden skyrocketing of the yen is largely attributed to the poor data on US gross domestic product. According to the numbers, the US economic growth has slowed down to an annual rate of about 2.4% in the second quarter, as opposed to the previous 3.7% annual rate. To worsen matters, it is projected that ISM Manufacturing PMI data for the next trade day is going to weaken.