USD/JPY - 93.65 ... The greenback continued to edge lower fm yesterday's high of 94.46 to as low as 93.53 on active cross buying in jpy (European names bought the Japanese yen aggressively versus aussie, euro, sterling n kiwi) due to the retreat in global stock markets (Dow Jones index futures dropped by 35 points). There are market rumours that PBOC will raise reserve requirement. Offers are noted at 94.05/10 n 94.40/45 with stops building up abv 94.50. On the downside, some bids by Japanese retail investors are reported at 93.25/30 n 93.05/10 with stops located below 93.00.