The yen is on track for its fourth straight weekly gain against the dollar as spending data on Friday added to signs that the Bank of Japan will raise interest rates again.

The yen climbed to an eight-week top versus the U.S. dollar on Thursday after a Bank of Japan policy board member advocated continued interest-rate hikes. The dollar hovered near the lowest level since the start of last week against a basket of peers that includes the yen,

The U.S. dollar slumped to an eight-week low against the yen and hovered near a one-month low versus the British pound as trade war fears eased. Investors are reassessing the Federal Reserves rate outlook while the Bank

The yen climbed to a nine-week high as market players piled on bets for more interest rate hikes in Japan this year, while the U.S. dollar and other major currencies trod water ahead of U.S. monthly payrolls figures due later in the day.

The Japanese yen strengthened on Thursday, reaching a nearly two-month high as Bank of Japan (BOJ) board member Naoki Tamura signaled potential interest rate hikes. The USD/JPY pair dropped 0.5% to 151.