NEW YORK Nov 9 The dollar recouped all of its losses against the yen to trade slightly higher in late morning trade on Friday, helped by rising Treasury yields.
The dollar last traded 0.1 percent higher at 79.51 yen , off a session low of 79.06.
It had earlier come under pressure after worries about Europe prompted investors to shed riskier traders funded by cheap borrowing in the Japanese currency.
But that reversed somewhat after upbeat U.S. consumer sentiment data lifted stocks.
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India should avoid fixating on an inflation target given the need to ensure economic growth and financial stability, former central bank governor Duvvuri Subbarao warned on Tuesday. Full Article