101. Tokyo stock prices edged higher Monday, gaining for the fifth consecutive session, while the dollar declined against the Japanese yen. 102. In early trading, the dollar declined against major currencies on modest profit-taking by US funds and other overseas investors, dealers said. 103. Dealers said the dollar was expected to continue declining against the mark through the rest of Asian trading. 104. Despite considerable intervention, the dollar continued declining against the yen on Friday following the release of US June trade data showing a rising deficit with Japan. 105. European currencies generally declined against the mark, pulled down by the dollar. 106. The weakness of the European currencies weighed on the dollar which declined against the mark but remained stable against the yen. 107. Most GCC currencies have declined against the Japanese Yen as they are effectively pegged to the weak U.S dollar. 108. Share prices rose strongly on the Tokyo Stock Exchange on Friday morning on futures-linked arbitrage buying as the yen declined against the dollar, brokers said. 109. The dollar declined against other major currencies in New York as jitters returned to the currency markets following reports suggesting the US economy may be growing faster than believed. 110. The dollar declined against the other major currencies except the Japanese yen early Tuesday in a quiet market after the extended Christmas holiday weekend. |