31.   The shrinking Japanese surplus has helped the U.S. currency by putting fewer dollars in the hands of Japanese exporters, who convert them into yen when repatriating revenue.

32.   The smaller expansion means less dollars in the hands of Japanese exporters to convert into yen when they repatriate revenues.

33.   The stronger dollar reduces the value of overseas sales because the local currencies buy fewer dollars when the company repatriates the revenue.

34.   The trade deficit hurts the U.S. currency by putting a wealth of dollars into the hands of Japanese exporters, who convert them into yen when repatriating revenue.

35.   The smaller expansion means fewer dollars in the hands of Japanese exporters to convert into yen when they repatriate revenues.

36.   While most traders expect the U.S. currency to climb further against the yen this month, they say its rise will be checked by Japanese exporters repatriating overseas revenue.