Nov 13 (Reuters) - USD/JPY is poised to test 161.00 as bets on a larger Federal Reserve rate hike lift US yields and the dollar, despite Tokyo's intervention warnings.

The US dollar is set for its best weekly gain in two months, pushing the Japanese yen past the key 160 mark and putting traders on alert for intervention.

However, traders may be willing to test higher USD/JPY levels if they conclude that Tokyo acting alone would have only a limited impact and that Washington is reluctant to do much more than lend verbal support.

Japanese Finance Minister Satsuki Katayama said on Friday that Tokyo stood ready to act again after record intervention in July and August.

USD/JPY's technical outlook remains quite bullish. There is scope for a retest of the 161.00 psychological level and beyond. Spot registered two daily closes in a row above 159.75, the 61.8% Fibonacci retracement of the fall from 163.99 in July to 152.89 in September on EBS, on Wednesday and Thursday. Related comment
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(USD/JPY Martin Miller is a Reuters market analyst. The views expressed are his own)