COMMENTARY: USD/JPY has recovered after making a low of 119.57 after release of hawkish FOMC minutes meeting. Fed officials divided on a Jun rate lift –off . A large majority of Fed officials see rate hike coming in late 2015. On the upside minor resistance is around 120.50 and any break above would extend gains till 121.18/122.01. It is good to buy around 120 for the target of 121.18/122 with stop around 119.50.