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