The yen gained ground against major currencies on Friday as Tokyo markets headed towards the year-end break, driven by seasonal repatriation flows from Japanese investors.

The dollar fell to 85.67 yen, its lowest level since April 2011.

The euro also weakened against the Japanese currency, trading at 113.80 yen.

Analysts suggest that Japanese investors are bringing funds back home to close out their books for the year, contributing to the yen’s strength.