USD/JPY Seen Hedging Higher -BNP

0902 GMT [Dow Jones] USD/JPY's strong close Friday signals a base is now in and technically gains to 92.32 can be expected says BNP Paribas. The spot did run into profit taking and exporter offers in Asia Monday however with Japan's officials now sheltering downside risks the bank looks for it to edge higher and has revised its year end target to 90.00. USD/JPY now trades at 89.95. (GST)

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