ING: The Bank of Japan is expected to raise interest rates next month.

Jin10 data September 19 news, Francesco Pesole from ING stated in a report that the yen should strengthen due to the possibility of the Bank of Japan raising interest rates next month. The Bank of Japan maintained its interest rate on Friday, but two members voted against it, advocating for a rate hike. Pesole said: "We have been calling for the Bank of Japan to raise rates in October, and the opposition votes have made us more confident in this judgment." Data from the London Stock Exchange Group shows that the market currently expects a 47% probability of the Bank of Japan raising rates in October. Pesole pointed out that even without considering any repricing of the market's expectations for the Bank of Japan's interest rates, the current short-term fair value of the dollar against the yen is already overvalued. ING expects the USD/JPY exchange rate to fall from the current 148.15 to 145.00 within a month and further to 140.00 within three months.