It is expected that in the short term, the dollar will continue to be difficult to decline due to the differences in monetary policy directions between the central banks of Japan, the United States, and China. The pace of inflation easing is slowing down, and it is expected that additional rate cuts will be decided at the Federal Open Market Committee (FOMC) meetings scheduled for November and December, but the rate cut is likely to remain at a total of 0.5 percentage points. On the other hand, while the Bank of Japan is maintaining its policy of financial normalization, there is a growing view that additional rate hikes may come after the new year. The monetary policy decision meetings on October 30-31 are expected to maintain the current monetary policy, which could diminish expectations of an early additional rate cut and potentially lead to selling pressure on the yen.