The US dollar and euro rallied more than 1 percent versus the yen on Friday after Japan said the Group of 20 countries did not oppose its aggressive monetary easing aimed at beating deflation rather than weakening the currency. The dollar rose 1.2 percent to 99.27 yen, having hit a session peak of 99.35 yen, according to Reuters data. Offers were reported around 99.50 yen, which may stem its rise in the very short term.
The euro rose 136 percent to 129.77 yen. It reached a session peak of 130.23 yen and looked on course to test last week's three-year high of 131.11 yen. Against the dollar, the euro rose 0.5 percent to $1.3111, having risen to a session high of $1.3128 after European Central Bank board member Jens Weidmann said interest rates in Europe are appropriate. On the week, the euro slipped 0.3 percent versus the dollar, its first weekly loss in three weeks. The dollar fell 0.3 percent against the yen, also its first weekly loss in three weeks.
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