ANZ Bank: The Bank of Japan is expected to raise interest rates in October and the yen will gradually rise

Mahjabeen Zaman, head of FX research at ANZ, said the Bank of Japan is expected to raise rates again in October, which will further support the yen's strength into next year. The dollar may weaken in the fourth quarter due to year-end seasonal factors and actual rate cuts by the Federal Reserve, not just expectations. With cracks in the resilience of the US economy and seasonal factors in the northern hemisphere summer, the dollar/yen may continue to fluctuate. (Jinshi)