Yen .......... a veiw

USD/JPY likely to hold above 88.00 through end of February, as risk aversion surrounding China economic outlook not likely to last long, says FX analyst. "The yen may be rising now (versus the dollar) on worries about Chinese monetary tightening, but it's hard to imagine that China will rush to tighten monetary policy so sharply" as would choke off its economic recovery, he says. USD/JPY resistance over that period 93.00 vs last 89.23 on EBS. Meanwhile, if signs of U.S. economic strength emerge in weeks ahead, rekindling speculation for Fed rate hike later this year, USD/JPY in March could rise to 95.00 while unlikely to slip below 90.00.