The dollar rose against the yen and euro in Asian trading Friday morning, taking a lead from New York where fears of inflation, concerns over the upcoming German election and rising Treasury yields all helped lift the U.S. currency. The dollar was trading at 110.66 yen on the Tokyo foreign exchange market late morning, up 0.20 yen from late Thursday but slightly below the 110.68 yen it later bought in New York. The euro fell to $1.2256 from $1.2290 late Thursday. The British pound slipped to $1.8084 from $1.8231, after British retail sales in August remained unchanged from the previous month, suggesting British economic growth is slowing. The euro was under pressure ahead of this weekend's election in Germany. Polls have suggested that the election will not result in an outright majority. For front runner Angela Merkel and her Christian Democrat party, that would mean forming coalitions that could water down her ambitious economic and corporate reform agenda.