Asia FX verbal intervention comments – not on the yen! (South Korea)

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 plunge

• Monday 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
  big
• meant 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.