0214 GMT - The yen strengthens against other G-10 and Asian currencies in the morning session, after a Bank of Japan board member's remarks boosted prospects of more rate hikes. BOJ policy board member Naoki Tamura told local leaders in Nagano, Japan, that there was a need to raise rates to at least around 1% in the latter half of FY 2025 and that neutral rates are probably around 1% at a minimum. At last month's meeting, the Bank of Japan raised its policy rate to around 0.5% from around 0.25% previously. USD/JPY is 0.4% lower at 151.99 after earlier touching 151.83, the lowest intraday level since Dec. 12. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 05, 2025 21:14 ET (02:14 GMT)
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