Australia and New Zealand Banking Group: It is expected that the Bank of Japan may raise interest rates in October, and the Japanese yen will gradually rise.
Odaily Planet Daily Report: Mahjabeen Zaman, head of foreign exchange research at Australia and New Zealand Banking Group, said that the Bank of Japan is expected to raise interest rates again in October, which will further support the strength of the yen into next year. The US dollar may weaken in the fourth quarter, not only due to seasonal factors at the end of the year, but also due to actual interest rate cuts by the Federal Reserve, rather than just expectations. With cracks appearing in the resilience of the US economy and the seasonal factors of the northern hemisphere summer, the USD/JPY pair may continue to fluctuate.
