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02 May 2005 09:46  U.S. dollar was stable against the Japanese yen


The U.S. dollar was stable against the Japanese yen and the euro early Monday in Asia as speculation about China's possible yuan revaluation has faded in the absence of any announcement. The dollar was trading at 105.14 yen early Monday in Tokyo, down 0.73 yen from late Thursday but above the 104.79 yen it bought in New York late Friday. The euro fell to US$1.2846 early Monday in Tokyo from US$1.2921 late Thursday and to 135.12 yen from 136.75 yen. Japanese financial markets were closed Friday for a national holiday. The dollar was slightly up or little changed against other regional currencies in Asia, where trading was thinned by public holidays in Japan, as well as Singapore and Hong Kong. After Monday's regular trading, the markets will be closed again for three more days until they reopen Friday as the nation marks its annual "golden week" holidays.
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