BoJ: a muted response in the yen, sticks to script - Scotiabank

Analysts at Scotiabank explained that USD/JPY had overnight haven-driven gains that now have faded. 

Key Quotes:

"Domestic events and releases have had a limited impact on JPY, with no material response to either the BoJ minutes (from April) or the most recent speech from BoJ Gov. Kuroda."

"The Gov. struck an upbeat tone on growth while reaffirming the need to maintain ‘powerful easing’ in order to reach the BoJ’s goal of price stability."