Yen hits 2-month high in 149 zone vs. dollar on BOJ rate hike bets

The yen strengthened to around a two-month high against the U.S. dollar in the 149 zone in Tokyo on Thursday, amid rising speculation that the Bank of Japan could raise its benchmark interest rate at its next policy meeting.Investors snapped up the yen, pushing it to 149.95, as stronger-than-expected gross domestic product data earlier this week fueled speculation of further BOJ tightening, lifting Japan's benchmark 10-year government bond yield to a fresh 15-year high.Yen buying accelerated after BOJ Governor Kazuo Ueda said the recent trend of higher interest rates was not discussed in hi…READ FULL ARTICLE