Usd/jpy - 91.20 ... Several Japanese mutual funds, or 'toushin', that invest in overseas assets are set to launch later this week.

Prime Minister Yukio Hatoyama said government could win market's confidence as it compiles budget for the fiscal year 2010-2011. The greenback remained under pressure throughout the day on active selling fm U.S. investment banks, Japanese funds n real money accounts. Offers are tipped at 91.45/50, 91.80 n further out at 92.00/10. On the downside, mixture of good bids n stops are located at 91.00 n more demand is located at 90.80 n 90.50/60. Investors are also focusing on how much new JGBs Japan will issue.