Usd/jpy - 98.13...Bids at 98.20/25 have been absorbed after usd/jpy fell on cross buying in yen due to risk aversion (both Nikkei-225 n Dow futures gave up their early gains n have now fallen into negative territory). Buying interest fm Asian names is likely to emerge at 97.60/70 with stops placed below 97.50 while on the upside, offers remain at 98.50/60, 98.75/80 n further out at 99.00 (option-defensive)...