The South Korean finance minister says will swiftly respond to any excessive forex market volatilities.
I’m guessing we’ll hear some sort of similar comments out of Japan today given the slump in the yen:
Japan’s ruling coalition lost its majority in an election – yen lower to open the week
Earlier:
USD/JPY is above 153 on the Japanese election result – yen plungeMonday morning open levels – indicative forex prices – 28 October 2024 – YEN slammed lower
USD/JPY update:
More, this time from South Korea’s central bank
Governor Rhee Chang-yong:
won’s recent fall against the dollar is
bigmeant that foreign exchange movement should now be back
as one of the factors for policy rate consideration
This article was written by Eamonn Sheridan at www.forexlive.com.
