• USD/JPY dipped on Tuesday yen firmed after the Bank of Japan held interest rates steady in a split vote.
• Three in the nine-member board proposed hiking borrowing costs, signalling the bank's concern over inflationary pressures from the Middle East conflict.
• As widely expected, the central bank left unchanged its short-term policy rate at 0.75% in a two-day meeting that ended on Tuesday. .
• BOJ Governor Kazuo Ueda is expected to brief media on the decision at 3:30 p.m. (0630 GMT)..
• Immediate resistance is located at 159.18 (SMA 20), any close above will push the pair towards 159.97(Higher BB).
• Support is seen at 158.48 (Lower BB) and break below could take the pair towards 157 .29(38.2%fib).
Recommendation: Good to sell around 159.20, with stop loss of 159.80 and target price of 158.60
