The Korean Won against the US dollar hits a recent high, with the Yen's movement driving market volatility

The Korean Won against the US dollar recently rose to a two-week high, mainly driven by the strengthening of the Yen. Market observers are generally paying close attention to the Japanese government's possible intervention in the currency market. According to data, USD/KRW temporarily fell by 1.2%, reaching 1446.00, the lowest point since January 7.

Analysts point out that the appreciation pressure on the Korean Won against the US dollar stems from the Yen's strong performance. When the Yen rises, it often leads to a rally in other Asian currencies. At the same time, investors remain highly alert to potential market regulation measures by Japanese authorities, which further increases market sensitivity. In the short term, the trend of the Korean Won against the US dollar will continue to be influenced by Japan's monetary policy.