Dow Jones Market Talk: USD/JPY May Rise Towards 90.70; US Data Eyed

0008 GMT [Dow Jones] USD/JPY may rise towards 90.70 if U.S. January industrial output due 1415 GMT, housing starts due 1330 GMT come in stronger than expected, pushing long-term U.S. Treasury yields higher, says Masafumi Yamamoto, FX analyst at Barclays Capital. Adds supportive factor for pair could be FOMC minutes later in day; notes focus on whether "Fed becomes more upbeat on the U.S. economy," which may add to expectations for Fed to gradually move towards more normal monetary policy. Dow Jones polls tip U.S. industrial production to rise 0.8% in January vs 0.6% gain in December, housing starts to log 590,000 vs 557,000. USD/JPY last 90.25. EUR/JPY immediate target at 124.38, then 126.98 vs last 124.20.(MIN)