The dollar rose 0.5 percent on the day against the yen on Friday, pushing back above 88.00 yen JPY= after dropping sharply to a 7-month low below 87 yen on Thursday as options were triggered.

The dollar gained as far as 88.05 yen, helped by dollar buying from Japanese importers and short-covering ahead of a long weekend in the U.S. and jobs data.

The euro also rose about 0.4 percent to 110.12 yen EURJPY=R as investors covered short positions on the single currency, extending a bounce seen the previous day and pushing the yen back across the board.