USD/KRW Falls 24.30 Won to 1,531.50 on July 3 as BoJ Intervention Expectations Mount

USDJPY0.14%
According to Yonhapinfomax, the U.S. dollar weakened against the Korean won on July 3, falling 24.30 won to 1,531.50 won by 9:03 PM KST in the Seoul session, tracking declines in USD/JPY. Japanese Chief Cabinet Secretary Minoru Kihara signaled heightened vigilance over recent currency moves, boosting intervention expectations in the yen market. South Korea's International Economic Management Official Moon Ji-sung told Yonhapinfomax that a USD/KRW rate in the 1,500s "is difficult to justify given Korea's fundamentals," emphasizing sufficient response capacity. USD/JPY traded at 161.12 yen, up 0.03% from the previous close.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments