Bank of America: The probability of the Bank of Japan raising interest rates again in October after an increase in June is about 50%.

Shusuke Yamada, the foreign exchange and interest rate strategist at Bank of America Merrill Lynch Global Research, stated that if the Bank of Japan takes a hawkish stance and raises interest rates at the next meeting, it is expected to provide support for the Japanese yen; current market pricing indicates a probability of approximately 50% for another rate hike at the October meeting after this one.