Forex

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


The South Korean finance minister says will swiftly reply to any extreme foreign exchange market volatilities.

I am guessing we’ll hear some kind of related feedback out of Japan at the moment given the stoop within the yen:

  • Japan’s ruling coalition misplaced its majority in an election – yen decrease to open the week

Earlier:

  • USD/JPY is above 153 on the Japanese election outcome – yen plunge
  • Monday morning open ranges – indicative foreign exchange costs – 28 October 2024 – YEN slammed decrease

USD/JPY replace:

This text was written by Eamonn Sheridan at www.forexlive.com.



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Eamonn Sheridan
Eamonn Sheridan

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