I would not try to run a 120 radial on a stock Vmax front wheel. As others have said, a 120 radial will mount to it, but the profile will be compromised. If you're not a rider who attacks the corners, you'll probably be fine, but if you do like to get the bike leaned over, you'll find that the contact patch is.. insufficient.. at greater lean angles.
It's commonly accepted that a 180 rear tire is best matched to a 5.5" rear wheel. I had a 5" rear wheel on my '91 Honda CBR600F2 track bike, and installed a 180/55R17 on it, figuring hey, a half inch of wheel width won't be an issue. It was fine for the first couple of warm-up laps, but on the next lap, at a brisker pace, the rear end stepped out on me, big time. Fortunately I was able to reel it in without high-siding, but I immediately pulled into the pits and swapped over to the 4.5" wheel I had with a 160/60R17 on it. The rest of the day was uneventful as far as tire traction goes. Now imagine that same slide happening with the front end on a Vmax. Game over.