TechFlow news, on February 6, according to Jinshi News, remarks by Bank of Japan board member Naoki Tamura boosted prospects for further rate hikes, lifting the yen against other G10 and Asian currencies during early trading. Tamura stated that it would be necessary to raise interest rates to around at least 1% in the second half of fiscal 2025, adding that the neutral interest rate could also be around at least 1%. At last month's meeting, the Bank of Japan raised its policy rate from around 0.25% to around 0.5%. The dollar-yen fell 0.4% to 151.99, briefly touching a session low of 151.83—the lowest intraday level since December 12 of last year.
Add to Favorites
Share to Social Media
