The yen extended its gains against the dollar while Japanese government bond futures trimmed losses on Friday after the Bank of Japan lowered its policy rate to 0.3 percent from 0.5 percent.

The BOJ also cut its economic assessment.

The yen gained to around 98.00 yen after the decision was announced, up from around 98.40 yen.

December JGB futures trimmed losses to around 137.90 from around 137.07 before the announcement.

Source: http://www.afxnews.com

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