USD/JPY: all eyes on BoJ, Yen remains vulnerable - Scotiabank

Analysts at Scotiabank explained that the JPY should remain vulnerable into the end of the week.

Key Quotes:

 "We note the potential for a re-test of last Thursday’s multi-year high."

"Near-term risk lies with the release of the BoJ’s April meeting minutes at 7:50pm EST and BoJ Gov."

"Kuroda’s public appearance—the events favor JPY strength as we consider the recent shift in Japan’s policy mix favoring fiscal stimulus."