[Bank of America: Hawkish Rate Hike by Bank of Japan Next Week Could Support Yen] Jin10 News, June 10 – Shusuke Yamada, a foreign exchange and rates strategist at Bank of America Global Research, stated that if the Bank of Japan adopts a hawkish stance and raises interest rates at next week’s meeting, it is expected to support the yen. He noted that the market has already priced in the expectation of a rate hike. Current market pricing indicates that after this rate hike, there is approximately a 50% probability of another rate hike at the October meeting. If the market’s pricing probability for an October rate hike rises above 60%, and the pricing probability for a further rate hike at the March meeting next year exceeds 50%, the market is likely to interpret this as a 'hawkish' stance. Therefore, the market’s focus is on the guidance provided by the Bank of Japan at next week’s meeting regarding the future path of policy rates.