(Recasts with Fed announcement, update prices)
NEW YORK, Sept 19 (Reuters) - The U.S. dollar extended gains versus the yen on Friday, rising more than 2 percent, after the Federal Reserve announced a series of measures to provide liquidity to markets.
The dollar last traded up 2.2 percent at 107.87 yen
The euro climbed 1.8 percent to 154.04 yen
"We're seeing relief rally in U.S. short-term yields and the U.S. dollar is responding to that especially against the yen," said Vassili Serebriakov, a currency strategist at Wells Fargo in New York. "It's all about risk aversion coming off."
The Fed said it woould provide loans to banks and institutions for purchases of high-quality asset-backed commercial paper (ABCP) from money market funds, a step it said was aimed at helping money market funds meet demand for investor redemptions and foster liquidity. (Reporting by Lucia Mutikani and Gertrude Chavez-Dreyfuss; Editing by Theodore d'Afflisio).
Source: Reuters.Com
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