Ella 
USD/JPY was trading around the psychological level of 149.10 in Asia on Wednesday, hovering just below its high since November. The market cautiously increased U.S. bond yields, supporting the dollar against the yen.
The minutes of the Bank of Japan meeting showed that policymakers support maintaining the current loose monetary policy to achieve price targets, while many members emphasized that the Japanese economy faces downward risks.
As the 14-day RSI remains above 50, upside momentum is likely to be bullish. The psychological level of 150.00 may act as resistance.
A strong break above 150.00 would take USD/JPY bulls towards the October high of 151.94.
On the downside, USD/JPY may find key support at the psychological level of 148.00, with the 14-day EMA at 148.01. A break below the latter could see bears targeting the psychological level of 147.00, followed by the 23.6% retracement at 146.36.
