[Commonwealth Bank of Australia: Expected that the Governor of the Bank of Japan may open the door to another rate hike] Golden Finance reported that the yen strengthened against the US dollar and other currencies in early Asian trading. The Commonwealth Bank of Australia (CBA) Global Economics and Market Research Team pointed out in a research report that both the Federal Reserve and the Bank of Japan will hold monetary policy meetings this week. If the market focuses on the convergence of monetary policies between the two, the US dollar against the yen may fall to a year-to-date low of below 140.00. The team said that while the Bank of Japan is expected to keep its policy unchanged this week, its Governor Kazuo Ueda may open the door to another rate hike, which may be as early as October. At the same time, the FOMC may cut the policy rate by 25 basis points this week. According to FactSet data, the dollar fell 0.2% against the yen to 140.52, and hit 140.29 on Friday, the lowest intraday level so far this year.