TOKYO. Sept 8: The dollar was higher against the yen and the mark here Friday buoyed by heavy Bank Of Japan (BOJ) dollar-buying Intervention foilowtng its discount rate cut to a record low of 0.5 per cent, dealers said, reports AFP.

"The BOJ spent an estimated 1.5 billion dollar since buying the dollar within about three hours taking the currency up to as high as the 100 000 yen. said Yoshiyuki Goto Senior Strategist at the Royal Bank of Canada

Towards the end of trad Ing. the dollar traded at 99 97 yen up from 99 00 yen in New York late Thursday and 98 69 yen here Thursday afternoon

Against the mark the dol lar changed hands at I 4832 up from the previous day's 1 4761