SINGAPORE/TOKYO -Asian stocks rose on Friday as investors cheered a slowdown in U.S. inflation, while the yen hit a seven-month high and Japanese bond yields broke above the central bank's target as markets challenged Tokyo's commitment to loose monetary policy. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.8 percent to hit a new seven-month high and were headed for a third consecutive week of gains. Japan's Nikkei fell 0.4 percent and the yen, which surged 2.7 percent against the dollar overnight, kept going and rose about 0.2 percent further to 128.65 per dollar. It is up 6 percent in little more than three weeks since the Bank of Japan stunned markets by ...Keep on reading: Yen flying as market challenges BOJ, stocks cheer inflation’s retreat