1.   A Japanese trust bank dealer said the dollar selling emerged immediately after the comment, made at a luncheon in Tokyo.

2.   Futures-led selling emerged in the final hour of trading, pressuring share prices further, and pushing key market indexes to new intra-day lows.

3.   If this fails to emerge, then some light selling may emerge, with the dollar drifting subsequently through the end of the month, they said.

4.   Active futures-led selling emerged in late trading to the Nikkei index further down.

5.   Another dealer said stop-loss selling could emerge in the absence of concerted intervention.

6.   Brokers also said moderate futures-led selling also emerged towards the close after the strong gains earlier in the day.

7.   Light selling emerged in the middle of the afternoon session, erasing some of the earlier gains but having no significant impact on investor sentiment, brokers said.

8.   Modest selling emerged in the market towards the end of trading, with dealers cutting positions as their earlier buying did not trigger follow-through purchases, brokers said.