The latest poll from Bloomberg showed expectations of a weaker yen in the second quarter of 2018, mainly due to the expected easing geopolitical tensions, which will reduce demand for safe havens such as the Japanese yen.
USDJPY fell nearly 6% in the first quarter of this year as a result of the China-US trade war and the end of Japan's fiscal year. The start of the new fiscal year may mean less inflows to the Yen, but one of the most important factors to watch is stock performance.
The following figure shows the expectations of some of the financial institutions of USDJPY: