DJ MARKET TALK: Too Early To Become Bullish On USD/JPY


USD/JPY last at 90.40, higher than 90.33 late New York Friday as investors buying due to higher risk appetite on back of strong Japanese shares, say senior dealers at major Tokyo banks. But Barclays Capital strategist Adarsh Sinha says it's too early to expect pair to keep rising for now; "we would caution against turning very bearish (toward the yen) in the short-term as Japanese exporters may continue to sell the yen-crosses on rallies ahead of the Japanese fiscal year-end." Tokyo dealers tip heavy resistance around 90.50-91.00 zone for now.

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