The U.S. dollar rebounded from a six-week low against the yen in Asian trading Monday despite fresh concern about the expanding U.S. trade deficit. The dollar also rose against the euro. The dollar bought 109.65 yen on the Tokyo foreign exchange market at 3 p.m. (0600 GMT) Monday, up 0.09 yen from late Friday, and above the 109.38 yen it bought in New York later that day. The euro fell to US$1.2388, from US$1.2474 on Friday. The yen lost ground after the Japanese government announced Friday that the country's gross domestic product grew 0.3 percent during the April-June quarter, slightly lower than analysts had expected. The dollar also reclaimed losses against the euro from last week triggered by the widening U.S. trade gap. The U.S. Commerce Department reported Friday that the deficit increased sharply in June to $58.8 billion, up 6.1 percent from May's deficit of $55.4 billion. The dollar was mixed against other Asian currencies. China's yuan was slightly higher against the dollar midday Monday, and dealers said there was room for the yuan to rise further in the afternoon. The dollar was down at 8.0976 yuan midday, from 8.0980 Friday. Chinese authorities revalued the yuan on July 21 to 8.11 to the dollar from its decade-long peg of 8.27. The yuan is only allowed to move 0.3 percent in either direction each day. The dollar also declined to 43.48 Indian rupees from 43.50. The U.S. currency did not trade against the won in South Korea, which celebrates Aug. 15 as Liberation Day in memory of Japan's World War II surrender.