Institution: It is a foregone conclusion that the Bank of Japan will raise interest rates this week, but the risk lies in dovish interest rate hikes

Odaily Planet Daily News: Christopher Wong, a global foreign exchange strategist at OCBC Bank, stated in a research report that the market has almost fully priced in the expectation of the Bank of Japan raising interest rates by 25 basis points on Friday. From a market perspective, the risk lies in dovish interest rate hikes, as this may indicate that the decline of the US dollar against the Japanese yen USD/JPY may be more constrained. Additionally, there is a risk that the Bank of Japan may be inclined not to make premature commitments to future guidance to avoid unnecessary yen strength undermining any progress However, OCBC Bank still expects the US dollar/Japanese yen to show a downward trend based on the Federal Reserve's interest rate cut cycle and the Bank of Japan's further room for policy normalization. (Golden Ten)