21.   The yen has been gaining on the situation in Argentina and other emerging markets, having been the currency of choice for speculating borrowers recently.

22.   The yen was gaining strength amid speculation that the big gains in Tokyo stocks in recent days may be a harbinger of a Japanese economic turnaround, analysts said.

23.   The yen gained ground overnight in London and New York trading, as investors bought the Japanese currency in anticipation of further gains.

24.   The yen gained on the dollar after declining for several days.

25.   The yen gained some ground against both the euro and the dollar in a paradoxical move Tuesday, despite a sharp drop on the Tokyo Stock Exchange.

26.   The yen had gained earlier in the week on persistent fears Japanese authorities would intervene in markets to support their currency.

27.   Traders said the dollar moved lower through cross trading, in which the Japanese yen gained against the British pound, pushing the dollar lower.

28.   Fukuda agreed, saying the yen was gaining too fast.