* Dollar gains vs yen after 5-mth low on Monday
* Sentiment recovers slightly but mkt still cautious
By Kaori Kaneko
TOKYO, July 14 (Reuters) - The yen slipped against major currencies on Tuesday on hopes that financial sector earnings in the United States would be better than earlier expected, although caution on the global economy persisted.
The dollar inched higher against the yen after hitting a five-month low on Monday, but gains in the greenback and cross/yen will likely be limited ahead of actual earnings results from Goldman Sachs later in the day.
"Market sentiment has improved slightly compared to a few days ago, but we still need to see the actual numbers of U.S. results," said Mitsuru Sahara, chief manager at Bank of Tokyo-Mitsubishi UFJ.
"So, further gains in the dollar and crosses against the yen are expected to be limited in Tokyo time even with higher stocks," he said.
Dealers said that there are sell orders for the dollar at the upper end of 93 yen from Japanese exporters, which will also likely cap the dollar's gains against the yen.
U.S. stocks rallied more than 2 percent on Monday after bullish comments on financial sector performance from analyst Meredith Whitney lifted hopes that banks' results may be stronger than expected. She also upgraded Goldman Sachs to a "buy", driving its stocks higher.
Bank of America Corp and JPMorgan Chase & Co are scheduled to report quarterly results this week along with Goldman Sachs.
The dollar edged higher 0.1 percent to 92.98 yen after hitting a five-month low of 91.73 yen on electronic trading platform EBS on Monday.
The euro rose 0.2 percent to 130.13 yen, and it was up 0.1 percent at $1.3996.
The dollar index, a gauge of its performance against six major currencies, slipped 0.2 percent to 79.988.
Tokyo's Nikkei share average rose 1.8 percent buoyed by exporters after U.S. stocks climed.
The Bank of Japan will start its two-day policy board meeting on Tuesday and may announce that it will extend measures to support corporate finance, although it is almost certain to keep its policy rate unchanged at 0.1 percent. (Reporting by Kaori Kaneko; Editing by Joseph Radford)