USD/JPY - 86.98.. Currency exchange rate is always controlled by the market force in the absence of massive intervention by the central bank. Despite y'day's broad-based yen purchase in Tokyo session, intra-day strg rebound in European equities boosted renewed risk appetite n yen was sold across the board, dlr staged a strg rebound fm 86.34 to as high as 87.22 in NY morning. Although st specs bot the pair just ahead of Tokyo opening, Japanese names (exporters n hedge funds) sold dlr again, pushing price lower fm 87.23. As usual, offers in Tokyo are stronger than bids, some stops are reported below 86.80 but good buying interest remains on dips at 86.50-30 n also rumour of solid bids by KAMPO at 86.10-00.