Dollar rises vs yen after BOJ increases JGB buying

The dollar firmed against the yen on Friday after the Bank of Japan increased its purchases of Japanese government bonds (JGBs) in its operations, in a move aimed at stemming a rise in yields.

The dollar was up 0.2 percent at 113.410 yen after touching a session high of 113.515 yen.

The BOJ offered to buy an unlimited amount of 10-year JGBs at yield of 0.110 percent and also increased its buying of five- to ten-year JGBs through an auction to 500 billion yen from 450 billion yen.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)