Usd/jpy - 97.72 ... The greenback moved inside 97.13-98.07 range after the release of mixed Japan's data (industrial production revised downwardly to -10.2% while consumer confidence in Feb. rose to 27.6 fm 27.0). Bids by Japanese names are reported at 97.40/45 n 97.15/20 with some stops seen below 97.00 on speculation that the Japanese authorities may intervene after SNB's intervention y'day together with the rally in Asian stock markets (Nikkei closed up by 371 points at 7569 n Hang Seng index rose by 430 points). On the upside, some offers are noted at 98.00/05 n 98.40/45 with stops seen at 98.50 n 99.00.
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