• USD/JPY up 0.2% in Asia buoyed by Fed's steady-for-longer stance on rates

• Initial dip to 148.585 on sticky Japan core CPI not sustained

• Japanese demand lifts dollar to 149.19 high before rally runs out of steam

• Pair drifts lower to 149.00, consolidates ahead of Europe open

• USD upside limited as sticky Japan inflation keeps alive BOJ rate-hike bets

• US-Russia talks on Ukraine war in Jeddah on Sunday is a risk event

• Resistance 149.15-20, 149.40, 149.70; support 148.50-60, 148.15-20
JPY:

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