Japan and South Korea could coordinate currency intervention, but they may need U.S. support
Publishing timestamp: 2024-04-22 01:09:51
Summary
Japanese yen at 34-year lows against U.S. dollar, South Korean won at 18-month low. U.S. acknowledges concerns over currency depreciation. Speculation about coordinated intervention between Japan and South Korea. Analysts monitoring yen weakening, potential impact on exports.
Sentiment: NEUTRAL
Keywords: us dollar/korean won fx spot rate, currency markets, u.s. dollar, asia economy, business news, usd/jpy,
Source: https://www.cnbc.com/2024/04/22/intervention-in-yen-and-won-not-out-of-the-question.html