TOKYO (AFX-ASIA) - The dollar/yen continued to be stable in late morning on a combination of fears of intervention, fund-flow data and gains in the euro against the Japanese currency, dealers said. "The euro/yen is one of the factors and maybe also, data recently indicated that Japanese investors are still buying foreign assets," said Minori Takeuchi, foreign exchange analyst at the Tokyo branch of JP Morgan Chase. The euro is now targeting resistance at 1.03 and mid-1.04 usd, she said. Ministry of Finance portfolio data released yesterday showed foreign-bond investment at a net 641.5 bln yen, after 949.1 bln the previous week. Purchases of foreign stocks were a net 267.2 bln yen in the week. Meanwhile, foreign investors have been net sellers of Japanese stocks for four weeks, selling 322.1 bln yen in total. "There's also lingering fear over intervention, especially after Greenspan's speech," Takeuchi said, refering to the testimony of Fed chairman Alan Greenspan this week. "He gave two paragraphs to foreign exchange, which is quite unusual. It probably shows his concern over the speed of the decline," she noted. "I wouldn't take it to indicate the administration's inclined to coordinated intervention but some people think the chance is getting higher." Currency investors are likely to ignore a speech this evening by Bank of Japan governor Masaru Hayami, Takeuchi added. "Recently the only news is the US. I don't think Hayami will do anything. Maybe he will say something about the yen but the market will probably ignore it. The BoJ is not in charge of forex policy," she said.