US government data has shown that the country's economy grew in the July-September period, marking the first expansion in three quarters.

The Commerce Department said on Thursday that gross domestic product increased at an annualized rate of 2.6 percent in real terms in the last quarter, compared to the previous three-month period.

Analysts predicted the Japanese yen may resume its steep fall against the dollar on speculation that the US Federal Reserve will continue to raise interest rates to stifle inflation on the back of the robust economic growth.