• USD/JPY steady in Asia after closing 0.1% higher on Tuesday

• Elevated oil prices support; Brent futures rise for 7th straight session Tue

• Boosted by higher U.S. yields on inflation fears; 2-yr yield at 3-week peak

• BOJ's hawkish hold no relief for JPY as Ueda dampens the growth outlook

• Fed rate decision due Wed; Japanese markets closed for a local holiday

• Resistance 159.90-160.00, 160.45-50, support 158.95-159.00

• Tuesday range 158.96-159.79, Asia range 159.54-159.60
Japan yen positioning Japan yen positioning:

(Krishna Kumar is a Reuters market analyst. The views expressed are his own.)