USD/JPY remain weak as a consequence of the 1985 Plaza Accord

To correct it's long-term drop USD/JPY must reach 183

The target for a minor correction of 1971-2011 USD/JPY drop is 183.22

U.S. interest rate is no longer seen falling far nor to be trimmed soon

The yen's plunge to a record low in April eases monetary policy

BOJ is still buying huge quantities of bonds - easing policy

If oil continues to fall it would support yen, but also depress CPI