USD/JPY - 90.48.. An interesting report fm Reuters (which matched with our recent updates) saying Japanese life insurers (plus municipal accounts also) have bids placed near 90.00 this week to unwind their hedge positions in foreign bonds as they forecast U.S. interest rates may rise soon. For now, unless dlr can clear indicated resting offers by Japanese exporters at 90.80-00, price may be stuck inside 90.00-90.80 range b4 prospect of further rise next week. Trade the range n buy dlr near the lower end then take profit twd the upper band.