USD/JPY - 87.20... Japan's Finance Ministry announced it has appointed Toshio Oya to lead its forex markets division, which is responsible for intervention of currency. Oya previously served in the finance minister's secretariat which is responsible for policy coordination for the policy planning and research division. He has also worked as a secretary to Prime Minister Naoto Kan in Kan's previous posts as head of national strategy and finance minister. The pair showed muted reaction to the news. Bids are seen around intra-day low of 86.97 while offers are tipped at 87.40/45 n further out at 87.60/65.