The dollar rose against the yen in Asia on Friday as an upturn in Asian equity markets prodded short-term investors to sell the yen. When stocks turn higher, players often resume risky yen-carry trades in which investors borrow funds in yen to invest in higher-yielding assets, including equities, denominated in other currencies. Such yen sales also help the U.S. unit rise against its Japanese counterpart. The greenback traded around 102.04 yen Friday afternoon, compared with 101.89 yen in New York Thursday. The direction of the dollar likely hinges on the meeting of Group of Seven finance ministers and central bank governors in Washington later in the day.

Full story: chron.com