Yen falls versus dollar, hits 4-month low versus euro

LONDON: The dollar rose to a session high against the yen on Friday on reported buying by Japanese investors, while the euro hit a four-month peak against the yen after the US Federal announced more monetary easing, boosting demand for riskier currencies.

The dollar climbed nearly 1 percent on the day to 78.243 yen after triggering reported stop loss orders at 78.00 yen.

The euro rallied 1.3 percent to 101.98 yen, its highest level since May 22.