WORLD FOREX: DLR, yen fall against the euro, Japanese exporters Sell

TOKYO - The dollar fell against the euro and the yen in Asia Tuesday on selling by Japanese exporters to settle their accounts on the direction of trading for the rest of the day tends to depend on stock movements , traders said.

"The lack of important economic data, it is very difficult to predict the direction, the players have no options now focus on measures to move signaling negotiation," said Hiroshi Maeba, a senior trader at Nomura Securities.

As of 0450 GMT, the dollar was at Y92.72 from Y92.97 Monday in London, while the euro was at Y132.90 from Y133.54. The New York market was closed: Monday for holidays. Although the overall volume of trade in Asia was thin, some Japanese exporters and hedge funds short selling dollars U.S. and the euro, dealers said.

At 0530 GMT, Japan's Nikkei reference 225 Stock Average rose 0.5% to 10,375.31, while China, the Shanghai Composite Index rose 0.70% to 2902.13. Prices have generally increased the dollar and the euro due to the increased appetite for risk, while safe-haven yen often benefit from stock prices.

For the rest of the week, share price movements should remain an important factor in negotiating the money market, "said Shinichi Hayashi Shinkin Central Bank. In particular, market participants focus on how economic data from China, which will be released Friday, will affect the prices of Chinese stocks.

"Data of China's economic and stock prices are a key to improving the world economy," he said.

Among the data of industrial production on Friday in China. Economists surveyed by Dow Jones Newswires forecast on average that production would increase by 12.0% in August compared to last year, the fastest increase of 10.8% in July.

If the results are weaker than expected and stimulates a lower price of Chinese stocks, the dollar may target Y90 and the euro in May Y130.00 fall below, some dealers said. In addition, the results are positive, the reaction of money market will be limited, probably because the players already enrolled in these results, dealers said.