Yamaha TW 200 cuts out at high rpm

AT 5000 RPM? What is the redline on the XT 600? I had a XT 500 Do not remember my year exactly, I was thinking the redline was close to 5000 RPM and if that is the case you could be possibly hitting a REV limiter or floating the valves.
Have you adjusted or checked the Valve clearance lately along with the Timing chain tensioner to be sure all are within adjustment specs?
The example you gave where it does it in 2nd gear, 3rd gear, I am sure it would do it in any gear as it sounds exactly as if teh engine is running up against a rev limiter or mechanical limits of teh valve train.

Check out related help links to troubleshoot these problem:----Click the link below:---Idles Fine but RPM jumps in drive mode? http://technoanswers.blogspot.in/2012/07/idles-fine-but-rpm-jumps-in-drive-mode.html
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--------How to adjust rpm on 2009 dodge charger SRT8?

http://schematicsdiagram.blogspot.com/2011/12/how-to-adjust-rpm-on-2009-dodge-charger.html
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Engine cuts out at 3000 RPM? http://schematicsdiagram.blogspot.com/2011/12/engine-cuts-out-at-3000-rpm.html

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Cold start problem and vehicle shudder around 2500 to 3500 rpms
http://repairhelpcenter.blogspot.com/2012/10/cold-start-problem-and-vehicle-shudder.html

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High rpm in neutral? Inconsistant high RPM in neutral? http://technoanswers.blogspot.in/2012/02/high-rpm-in-neutral-inconsistant-high.html

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Jetski Sputters and Low RPM? http://whatisbyme.blogspot.in/2012/07/jetski-sputters-and-low-rpm.html

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Fuel Injection Problem And RPM suddenly increases http://whatisbyme.blogspot.in/2012/07/fuel-injection-problem-and-rpm-suddenly.html

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2005 Toyota Highlander: Engine runs hard RPM below 3000? http://whatisbyme.blogspot.in/2012/05/2005-toyota-highlander-engine-runs-hard.html

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1987 Toyota Camry: RPM Drops going Up hills? http://whatisbyme.blogspot.in/2012/05/1987-toyota-camry-rpm-drops-going-up.html

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Cruise Control stops working, Excessive cranks to start the engine and RPM goes max 2500 http://whoisbyme.blogspot.in/2012/07/cruise-control-stops-workingexcessive.html

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1990 Toyota 4Runner: Engine cuts off when reaches 2000 RPM?

http://whatisbyme.blogspot.in/2012/05/1990-toyota-4runner-engine-cuts-off.html

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1999 Toyota Camry: Erratic stalling and high engine RPM at idle?

http://whatisbyme.blogspot.in/2012/05/1999-toyota-camry-erratic-stalling-and.html

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1995 Toyota LS: Misfire at idle or low RPM http://whatisbyme.blogspot.in/2012/04/1995-toyota-ls-misfire-at-idle-or-low.html

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Lexus RX: Tapping noise under Valve Cover At Low RPM? http://technoanswers.blogspot.in/2012/04/lexus-rx-tapping-noise-under-valve.html

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These will help.
Thanks.

Check out related help links to troubleshoot these problem:----Click the link below:---Idles Fine but RPM jumps in drive mode?http://technoanswers.blogspot.in/2012/07/idles-fine-but-rpm-jumps-in-drive-mode.html
---------Mitsubishi Lancer rpm needle bounces?http://technoanswers.blogspot.in/2012/02/mitsubishi-lancer-rpm-needle-bounces.html
--------How to adjust rpm on 2009 dodge charger SRT8?

http://schematicsdiagram.blogspot.com/2011/12/how-to-adjust-rpm-on-2009-dodge-charger.html
---------
Engine cuts out at 3000 RPM?http://schematicsdiagram.blogspot.com/2011/12/engine-cuts-out-at-3000-rpm.html

---------

Cold start problem and vehicle shudder around 2500 to 3500 rpms
http://repairhelpcenter.blogspot.com/2012/10/cold-start-problem-and-vehicle-shudder.html

---------
High rpm in neutral? Inconsistant high RPM in neutral?http://technoanswers.blogspot.in/2012/02/high-rpm-in-neutral-inconsistant-high.html

-----------
Jetski Sputters and Low RPM? http://whatisbyme.blogspot.in/2012/07/jetski-sputters-and-low-rpm.html

--------
Fuel Injection Problem And RPM suddenly increaseshttp://whatisbyme.blogspot.in/2012/07/fuel-injection-problem-and-rpm-suddenly.html

----------
2005 Toyota Highlander: Engine runs hard RPM below 3000?http://whatisbyme.blogspot.in/2012/05/2005-toyota-highlander-engine-runs-hard.html

---------
1987 Toyota Camry: RPM Drops going Up hills?http://whatisbyme.blogspot.in/2012/05/1987-toyota-camry-rpm-drops-going-up.html

-----------
Cruise Control stops working, Excessive cranks to start the engine and RPM goes max 2500 http://whoisbyme.blogspot.in/2012/07/cruise-control-stops-workingexcessive.html

----------
1990 Toyota 4Runner: Engine cuts off when reaches 2000 RPM?

http://whatisbyme.blogspot.in/2012/05/1990-toyota-4runner-engine-cuts-off.html

------------
1999 Toyota Camry: Erratic stalling and high engine RPM at idle?

http://whatisbyme.blogspot.in/2012/05/1999-toyota-camry-erratic-stalling-and.html

---------
1995 Toyota LS: Misfire at idle or low RPMhttp://whatisbyme.blogspot.in/2012/04/1995-toyota-ls-misfire-at-idle-or-low.html

-----------
Lexus RX: Tapping noise under Valve Cover At Low RPM?http://technoanswers.blogspot.in/2012/04/lexus-rx-tapping-noise-under-valve.html

----------
These will help.
Thanks.

most likly needs new rings-or bad plug if you are lucky

You have to adjust the jets on the carb, theres a high and low jet, Turn them both all the way in ( dont force them) just turn until they stop, now losen each one in 1/4 intervals and try running it,

hi buddy,

its time to change your clutch kit, here's the best one for your TW200
http://www.starcycle-usa.com/servlet/Detail?no=12114

You are getting enough fuel. ck for trash in your carbs

see if there is a saftey switch on the kick stand that is probally your problem also chek the clutch cable adjustment put in gear pull the clutch and try to push it if its hard or locks up you need to adjust your clutch cable

Sounds like fuel starvation. Check for kinks in fuel line from gas tank, any filters in the line change them. Try pulling the choke out a little when you hit high gear and see if the extra fuel does'nt get you goin...that would prove my point...Good Luck to you friend....Tim