* Dollar/yen may rise to around 105 in coming months. * Rhicon exited yen bearish bets by mid-January. * Market ahead of itself in anticipating Japan outflows. The yen looks set to fall further and could hit 105 versus the dollar, although it is unlikely to drop as smoothly as it has done so far, a portfolio manager for FX trading fund Rhicon Currency Management said. "A move to say, sort of 105 or thereabouts, is very much on the cards," said Christopher Brandon, managing director for Rhicon Currency Management, a Singapore-based fund with about $350 million in assets under management. "However, I think it would ... (full story)