Analysts will be busy working through the BoJ March minutes which have just been released. From what I’ve seen of the headlines so far, they shouldn’t have any effect on the JPY in the spot market at least. EUR/JPY is chopping around in a 111.30/80 range and I prefer the short side for the moment whilst 112.05 caps. The open on the Nikkei will tell us a lot about Asian market sentiment.