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• USD/JPY strengthened on Tuesday but gains were capped by Japan's finance minister warning against speculative yen selling .
• Japan's Finance Minister Katsunobu Kato warned against speculative yen selling on Tuesday as the currency neared the 160-per-dollar level, which had triggered interventions six months ago..
• Japan last intervened in July to support its currency when it tumbled to a 38-year low below 161 per dollar.
• Immediate resistance is located at 158.54 (23%fib), any close above will push the pair towards 159.00 (Psychological level).
• Support is seen at 156.78 (38.2%fib) and break below could take the pair towards 155.52(50%fib).
Recommendation: Good to sell around 158.00, with stop loss of 158.80 and target price of 157.20
