Hawkish BOJ policymaker's remarks send dollar to two-month low

Board member Naoki Tamura signals doubling policy rate to at least 1%

20250206 Japan Yen note

The yield on two-year Japanese government bonds hit 0.765%, the highest level since October 2008, on Feb. 6. © Reuters

TOKYO/MATSUMOTO (Reuters) -- A Bank of Japan board member on Thursday made remarks that ended up strengthening the yen.

Naoki Tamura said the BOJ must raise interest rates to at least 1% by the second half of the fiscal year beginning in April, a remark that reinforced bets of a near-term rate hike.

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