USD/JPY May Rise in Asia

USD/JPY may rise in Asia as Japan investment funds place regular start-of-month orders, says senior trader at major Japan bank. "The orders are still few in number, but the volume is slowly increasing," he says; adds, Japan exporters, importers likely to be inactive after settlement day, ahead of weekend. First resistance at 117.60, then 117.90 in Asia; support at 117.20. Pair last 117.42 on EBS