0047 GMT - The dollar-yen is likely to stay rangebound between 150-155 in the near term, four members of Nomura's global forex strategy team say in a recent research report. On the one hand, the Bank of Japan's worries over high inflation and its willingness to continue rate increases should limit potential upside beyond 155, the members say. On the other hand, factors such as investor expectations for a possible cease-fire in the Ukraine-Russia conflict may support the currency pair around 150, the members add. USD/JPY is down 0.2% at 151.89. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 16, 2025 19:47 ET (00:47 GMT)
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