In spite of last weaknesses of JPY, due to the decline in production data after continued growth, the Bank of Japan didn't help the yen and continues its ultra-loose policy. Also BoJ announced that long term inflation expectations among businesses and households was not rising, therefore unlikely we'll see rate hike in the nearest future. As such, the yen could remain under pressure over the coming months. Therefore I have negative outlook for JPY.
Japan's economy has increased for eight consecutive quarters. Also we see a slight increase in consumption expenditures, which means that households are becoming more confident in economic prospects. While the Bank of Japan remains determined to continue ultra-loose policy, the impact of this on the JPY continues to weak. So I bet on further gains against USD, but not at a rapid pace.