The dollar rose against the yen and euro in thin trading in Asia Thursday, and traders said that with little fresh market-moving news expected in coming days, exchange rates would likely trade within narrow ranges. The dollar bought 110.28 yen on the Tokyo foreign exchange market at 11 a.m. Thursday, up 0.45 yen from late Wednesday, and above the 109.96 yen it bought in New York late that day. The euro fell to $1.2275 from $1.2292 late Wednesday. It fell as low as $1.2266 in U.S. trading hours. In New York Wednesday, the dollar strengthened against the euro for a third consecutive day as signs of faster inflation suggested U.S. interest rates will continue to rise, burnishing the allure of the currency. The British pound fell to $1.8055 from $1.8075. The greenback also rose to 1.2602 Swiss francs from 1.2562, and to 1.2117 Canadian dollars from 1.1986. Inflation at the wholesale level increased by the largest amount in nine months in July, the U.S. Labor Department said Wednesday. The producer price index, which measures price pressures before they reach consumers, jumped 1 percent. That report followed another Tuesday that showed the consumer price index rose 0.5 percent in July, fueled by higher energy prices -- the biggest increase in three months. With trading volumes thin, no major economic data or Federal Reserve meetings due in coming days and the dollar seeming to sit comfortably in ranges, analysts said the currency market could be in for a calm period ahead. Japanese traders said the dollar could rise as high as 110.50 yen with trading thin as many traders are away for summer holidays. But the strong close of Nikkei futures in Chicago Wednesday forecast gains in Japanese stocks Thursday -- and indeed the Nikkei 225 index was up half a percent to 12,335.02 in morning trading.