USDJPY falls. EURUSD rises
The US 2Q GDP came in at 4.1% with a revision to the 1Q (they are revising that number). The GDP is the quarter change... annualized. Taking the 2 quarters (2.2% and 4.1%) and dividing by 2 gets 3.15%. The 4 quarter average is 2.85%. (2.8%, 2.3%, 2.2% and 4.1%)